2026 Workers' Compensation Updates in New York State — NYCIRB Requests Double-Digit Rate Decrease | OneGroup
Posted August 7, 2026
New York regulators approved another workers’ compensation loss cost decrease, marking the eleventh straight year of reductions. The New York Compensation Insurance Rating Board filed the annual indication on May 7, 2026, and the Department of Financial Services approved it on July 15, 2026. The 21.9% overall decrease takes effect October 1, 2026, and applies to policies renewing on or after that date.
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