New York Gov. Eliot Spitzer has signed a workers' compensation reform bill to fix what he referred to as a "long broken" system. However, how the new law is implemented will determine its ultimate success, with many details yet to be decided on, insurance groups warn.
The measure, worked out by the governor's office with the legislature and representatives from business and labor, has been welcomed by the insurance industry–which at the same time cautioned that a variety of issues must yet be dealt with administratively by the superintendent of insurance in consultation with three advisory groups.
Mike Moran, speaking for the American Insurance Association, noted that among the important areas where regulations are to be developed by the superintendent is a system of objective medical guidelines for determining disability.
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