Any savings to New York employers resulting from recent workers' compensation legislation will depend on the guidelines for implementation that are developed to control cost, an insurance executive said.
Joseph Wells, director of the workers' compensation line of business for Zurich North America, based in Schaumburg, Ill., made his comments today during a Web seminar put on by Willis Group Holdings insurance brokerage in New York.
Mr. Wells said a number of milestones must be accomplished before it can be ascertained whether the New York reforms will meet their objective. The reforms' effectiveness, he said, will depend upon the rules developed by the state's Acting Superintendent of Insurance Eric R. Dinallo.
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