Governor Hochul Announces Over $1.7 Billion In Workers’ Compensation Insurance Savings for Employers and Policyholders Statewide

New York Governor Hochul has announced that employers and policyholders will save more than $1.7 billion on workers' compensation insurance across the state. This change is aimed at reducing costs for businesses while ensuring that employees continue to receive necessary coverage. Insurance agents should inform their clients about these savings and encourage them to review their workers' compensation policies to take advantage of the lower costs.