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Employers face an average 5.9 percent rise in workers’ comp loss-cost rate

DeWITT — The New York State Department of Financial Services has approved an average 5.9 percent increase in the workers’ compensation loss-cost rate for new and renewal business at fully-insured companies, which will take effect on Oct.1.   That’s according to a July 17 bulletin posted at the website of the New York Compensation Insurance

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