Starting tomorrow, employers who cheat the New York workers' compensation system will face felony charges under tougher provisions in the state's recently revised comp law.

The change was supported by an insurance agent group, which recently sent out an alert to its members concerning the upgraded penalties that were part of a comprehensive reform bill signed into law by Gov. Eliot Spitzer on March 13.

David Dickson, president of the Glenmont, N.Y.-based Professional Insurance Agents of New York State, noted that the new law "treats employers who cheat on premiums as severely as those who don't get coverage at all."

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.