WorkCompCentral – Workers' Compensation Education, Courses, News and Information
(805) 484-0333
News Articles
Tuesday, January 14, 2020
Horse Racing Industry Launches High-Deductible Comp Plan to Reduce Costs
- State: New York
- Topic: NORTH
- - 933 views
- - Average time spent on item: 14 minutes
- - Popular with: Insurance
- - 0 shares
New York's state's horse racing industry, stalked by high workers' compensation premiums in the past, has announced a unique, high-deductible plan designed to reduce costs.
The New York Jockey Injury Compensation Fund said the program is contingent on the renewal of legislation now in place that establishes a base premium charge of $1,000 and no fees for trainers for the first 12 stalls, according to a racing industry news site.
Trainers will also continue to receive a credit for starts at one racetrack, which can be used to offset the cost of the base charge and additional stall fees, said Joe Applebaum, president of the fund and the New York Thoroughbred Horsemen's Association.
The plan is the latest effort to cut comp costs for an industry that has struggled with injuries and high premium costs. In the last two years, the fund has lowered costs for jockeys and exercise riders by $4,000 per trainer and $500 per owner, and has reduced premiums for other workers, officials said.
The pending legislation, similar to a measure that was part of the state budget last year, will allow $2 million from the purse cushion to continue to be used to pay for workers' compensation for jockeys and exercise riders.
"We are relying on our representatives to provide us the tools we need to make New York state a great place to race,” Applebaum said. “Without the ability to use industry funds to alleviate the cost of workers' compensation, the rate hikes would literally put horsemen out of business."
Today’s News
- N.M. - Decision in Favor of Tribal Sovereignty Leaves Casino Worker Without Recourse for Injury Top 01/27/20
- Colo. - Independent Contractor Test for Unemployment Applies to Comp Cases, Too WEST 01/27/20
- Ill. - Primary Jurisdiction Doctrine Can't Be Used to Stay IWCC Proceedings NORTH 01/27/20
- La. - Lack of Credibility, Corroboration Sink Worker's Claim for Benefits SOUTH 01/27/20
- Nev. - Court of Appeals Taking Comp Case Along for Road Trip WEST 01/27/20
- N.Y. - Board Posts Template to Help Doctors With Reports for CMS-1500 Submissions NORTH 01/27/20
- Calif. - Amended Bill Would Require Biennial Updates to MLFS WEST 01/27/20
- Natl. - IAIABC Hosting EDI 3.1 Training in Syracuse NATIONAL 01/27/20
- Ohio - BWC Proposes Minor Changes to Outpatient Fee Schedule NORTH 01/27/20
- Ariz. - Measure Would Make Cardiopulmonary Presumption Conclusive WEST 01/27/20
- Colo. - Bill Proposes Comp Coverage for Audible Trauma WEST 01/27/20
- Conn. - New Guidelines Issued on Mediation: Parties Must Determine Files Needed NORTH 01/27/20
Now Trending
- Workers' Compensation News
-
Walmart Reports
Success With Bulk Settlement…
1546 views
Posted on Jan 21, 2020
-
Calif. Worker's
Resignation as Part of Comp
Settlement Bars Wrongful
Termination…
1523 views
Posted on Jan 22, 2020
-
'Moneyball' for
Comp: Insurers Using Data to
Measure Defense Firms'…
1201 views
Posted on Jan 22, 2020
-
Calif. Bernadett
Sentenced to 15 Months for Role in
Spinal Kickback…
1042 views
Posted on Jan 21, 2020
-
N.Y. Some 6,000
New PTs, Acupuncturists, Nurse
Practitioners Added to Rolls This…
1010 views
Posted on Jan 21, 2020
-
Calif. Report:
Injury Rate at Amazon's Fresno
Warehouse Double State…
893 views
Posted on Jan 22, 2020
-
Calif. Substantial
Evidence Review Applies to Appeals
Board…
821 views
Posted on Jan 23, 2020
-
Texas DWC Adds
Fraud Prosecutor, Makes Other
Changes to Top Legal…
463 views
Posted on Jan 23, 2020
-
N.Y. Employers,
Claimants Eye Comp Bills That Could
Have Life This…
446 views
Posted on Jan 24, 2020
-
Wis. Senate
Confirms Frostman as Workforce
Development…
382 views
Posted on Jan 24, 2020
Featured Video
Jobs
Upcoming Events
Feb 8, 2020
The Pro F.I.R.M's Beauty & Bea
Please join us in honoring leading ladies and gentlemen of the insurance industry. Walk the Red C …
Feb 25, 2020
2020 PARMA Annual Golf Tourna
Registration: 7:30am | Shotgun Start: 9am Location: Del Monte Golf Course All proceeds go to the …
Feb 25-28, 2020
PARMA's 46th Annual Conference
Come and celebrate the art of our profession at the 46th Annual Risk Management conference, Februa …
Social Media Links
News and Education
Camarillo, CA 93012
No Comments
Log in to post a comment