NU Online News Service, May 17, 4:13 p.m. EDT–The New York Compensation Insurance Rating Board (NYCIRB) will propose a rate increase of 16.1 percent for workers’ compensation insurance, the attorney for the nonprofit insurers group said.

NYCIRB, which does data collection and rate development for the state, withdrew a previous proposal for a 9.5 increase because new data came in, explained Marty Minkowitz, the group’s counsel.

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