Inflation impacts virtually all aspects of the economy, including some you might not expect. For instance, the insurance industry has been affected by the inflation of the past few years, with an especially hard impact on workers’ compensation claims. Various inflation-related factors have affected the workers’ compensation system, such as higher medical costs and workers’ […]

In January of 2023, the New York Workers’ Compensation Board enacted changes to the way attorney’s fees are handled in workers’ comp claims. Claimant attorneys are now required to follow a fee schedule with their clients. Before these changes, there were no specific requirements for the award of attorney’s fees in workers’ comp claims. If […]

In New York and all other states, all employers are required to provide workers’ compensation benefits to their employees. However, employers have a choice between purchasing a traditional insurance plan from a private third-party insurer or using a self-insured workers’ compensation plan. While both options offer financial compensation when employees get injured on the job, […]