Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The head of an insurers’ trade group said today that New York Insurance Superintendent Howard Mills’ decision to limit a rate hike for workers’ compensation insurance to 5 percent will hurt the marketplace.

Bernard Bourdeau, president of the New York Insurance Association, said he believes that a 16 percent rate hike increase originally recommended by the state’s Compensation Insurance Rating Board was needed. The board, an industry advisory panel, changed its recommendation to 5 percent following a public hearing last month.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.