{"id":302131,"date":"2026-07-21T20:16:09","date_gmt":"2026-07-21T20:16:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/302131\/"},"modified":"2026-07-21T20:16:09","modified_gmt":"2026-07-21T20:16:09","slug":"new-york-state-workers-compensation-insurance-rates-dropping-22-starting-this-fall","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/302131\/","title":{"rendered":"New York State workers&#8217; compensation insurance rates dropping 22% starting this fall"},"content":{"rendered":"<p class=\"wp-block-paragraph\">ALBANY, N.Y. \u2014 New York State employers will see a 22% drop in workers\u2019 compensation insurance premium rates starting Oct. 1. <\/p>\n<p class=\"wp-block-paragraph\">The rate reduction was approved by the Department of Financial Services last week and is expected to lower costs by an average of more than $1,700 per policyholder and more than $1 billion for businesses. <\/p>\n<p class=\"wp-block-paragraph\">Governor Kathy Hochul\u2019s Office says the change follows improvements in workplace safety and flexible working conditions.<\/p>\n<p class=\"wp-block-paragraph\">To learn more, visit Hochul\u2019s website by clicking <a href=\"https:\/\/www.governor.ny.gov\/news\/governor-hochul-announces-over-17-billion-workers-compensation-insurance-savings-employers-and\" data-type=\"link\" data-id=\"https:\/\/www.governor.ny.gov\/news\/governor-hochul-announces-over-17-billion-workers-compensation-insurance-savings-employers-and\" rel=\"nofollow noopener\" target=\"_blank\">here.<\/a> <\/p>\n<p>\t\t\t\t\t\t\t\tFor Related Stories:\u00a0<a href=\"https:\/\/www.whec.com\/tag\/gov-hochul\/\" rel=\"tag nofollow noopener\" target=\"_blank\">gov. hochul<\/a>\u00a0\u00a0<a href=\"https:\/\/www.whec.com\/tag\/workers-compensation\/\" rel=\"tag nofollow noopener\" target=\"_blank\">Workers compensation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"ALBANY, N.Y. \u2014 New York State employers will see a 22% drop in workers\u2019 compensation insurance premium rates&hellip;\n","protected":false},"author":2,"featured_media":302132,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[14732,9,11,10,49,51,50,8742],"class_list":["post-302131","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-gov-hochul","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-new-york-state","tag-new-york-state-headlines","tag-new-york-state-news","tag-workers-compensation"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/302131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=302131"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/302131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/302132"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=302131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=302131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=302131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}