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As of 2015, NYSIF was the largest workers' compensation insurance carrier in New York, with 46% of the market, and that year it earned $2.48 billion in premiums, placing it in the top ten in the United States. [2] On August 21, 2019, the agency launched a rebranding initiative with a new logo. [3]
Statewide workers' compensation laws were passed in New York in 1898, Maryland in 1902, Massachusetts in 1908, and Montana in 1909. The first law covering federal employees was passed in 1906. [13] (See: FELA, 1908; FECA, 1916; Kern, 1918.)
The New York Disability Benefits Law (DBL) is article 9 of the Workers' Compensation Law (which is itself chapter 67 of the Consolidated Laws of New York) and creates a state disability insurance program designed to provide employees with some level of income replacement in case of disability caused off-the-job.
In 2011, New York Magazine named The Perecman Firm on its list of Top New York area attorneys. The firm was ranked as one of the "Best Law Firms" by the 2016 U.S. News & World Report . [ 13 ] The Perecman Firm was recognized on the New York Law Journal's "Top Settlements New York 2014" with the second largest settlement in the state.
The New York State Workers' Compensation Board's Bureau of Compliance oversees uninsured claims. The Uninsured Employers Fund (UEF) is the funding mechanism for compensation and medical payments to injured employees whose employer was not properly insured at the time of the accident.
Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade-off between assured, limited coverage and lack of ...
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In 1931, governors from New York, Ohio, Massachusetts, Pennsylvania, New Jersey, and Connecticut organized an interstate commission on unemployment insurance. [9] In 1932, Wisconsin passed the first public unemployment insurance program in the United States, offering 50% wage compensation for a maximum of 10 weeks, funded through a payroll tax ...
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