Notice of Public Hearing
The Insurance Department will hold, pursuant to Section 2305 of the Workers’ Compensation Law, a public hearing in New York City to determine whether to approve a proposed workers’ compensation insurance 2010 loss cost increase of 10.4 percent filed with the Insurance Department by the New York Compensation Insurance Rating Board (NYCIRB), to be effective October 1, 2011 if approved.
If approved, the loss cost will be used by workers’ compensation insurance companies in setting rates. The hearing will take place on Thursday, June 23. 2011 beginning at 11 a.m. at the following address:
New York State Insurance Department
25 Beaver Street - Room 510
New York, NY 10004
The hearing is open to the public. Interested parties may testify at these hearings, or submit written comments to be included in the hearing record. Any person wishing to testify should contact the Department’s Public Affairs Bureau at (212) 480-5262. Oral testimony will be allowed for up to 5 minutes.
Information about the hearing and the complete loss cost increase application is available at the Department’s website, www.ins.state.ny.us. Testimony can be scheduled and written testimony submitted through the website.
Written comments for the hearing record also may be submitted to Workers’ Compensation Loss Cost 2010 Hearings, Public Affairs Bureau, New York State Insurance Department, 25 Beaver Street, New York, NY 10004, or e-mailed to PublicHearingsComments@ins.state.ny.us with the subject line “WORKERS’ COMPENSATION LOSS COST 2011 HEARINGS.” The Department will accept comments for up to five business days after the hearing.
In accordance with the Americans with Disabilities Act, the Department will provide a reasonable accommodation, including interpreter services for the hearing impaired, at no charge to any covered individual wishing to testify at these hearings, provided that such a request is received at least five business days prior to the particular hearing date and either communicated in writing to Workers’ Compensation Loss Cost 2011 Hearings, Public Affairs Bureau, New York State Insurance Department, 25 Beaver Street, New York 10004, or by calling the Department at (212) 480-5262.