NYSIF


Associated tags: Parental leave, Insurance, New York State Insurance Fund, Workforce, Disability, Leave of absence

Locations: NEW YORK, NY, US, YORK, LYME

GOVERNOR HOCHUL LAUNCHES FIRST-IN-THE-NATION CLIMATE ACTION PILOT PROGRAM TO HELP NEW YORK HOSPITALS ACHIEVE NET-ZERO CARBON EMISSIONS BY 2050

Retrieved on: 
Thursday, May 9, 2024

New York, NY, May 09, 2024 (GLOBE NEWSWIRE) -- Governor Kathy Hochul today launched a first-in-the-nation, voluntary climate action pilot program for hospitals, focused on improving worker health and safety while addressing the harmful impacts of climate change on the environment.

Key Points: 
  • New York, NY, May 09, 2024 (GLOBE NEWSWIRE) -- Governor Kathy Hochul today launched a first-in-the-nation, voluntary climate action pilot program for hospitals, focused on improving worker health and safety while addressing the harmful impacts of climate change on the environment.
  • “New York is taking action to maintain our status as a global leader in the fight against climate change,” Governor Hochul said.
  • “This pilot program will incentivize hospitals to reduce their environmental impact and create a safer and healthier New York.
  • The services will help participating hospitals, particularly smaller and rural hospitals, implement strategies to mitigate climate hazards and promote worker well-being.

NYSIF Accelerates Workers’ Compensation & Disability Benefit Payments to Injured Workers

Retrieved on: 
Thursday, February 8, 2024

New York, NY, Feb. 08, 2024 (GLOBE NEWSWIRE) -- The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurer, announced the results of its 18-month-long effort to bolster enrollment in direct deposit and fast-track workers’ compensation and disability benefit payments, helping injured workers gain quicker access to their benefits and saving them money.

Key Points: 
  • New York, NY, Feb. 08, 2024 (GLOBE NEWSWIRE) -- The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurer, announced the results of its 18-month-long effort to bolster enrollment in direct deposit and fast-track workers’ compensation and disability benefit payments, helping injured workers gain quicker access to their benefits and saving them money.
  • First, at the onset of a claim, NYSIF informs injured workers about the advantages of direct deposit, including receiving benefits faster, as well as the convenience of avoiding a trip to the bank.
  • Since the program began, NYSIF has issued approximately 778,000 faster payments to workers and beneficiaries, and its direct deposit enrollment has jumped 46%.
  • NYSIF’s faster payments and mobile app allow it to serve injured workers more effectively.

NYSIF LAUNCHES INNOVATIVE MOBILE APP TO ASSIST INJURED WORKERS WITH THEIR WORKERS’ COMPENSATION CLAIMS

Retrieved on: 
Thursday, October 5, 2023

New York, NY, Oct. 05, 2023 (GLOBE NEWSWIRE) -- The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurance provider, has launched a new Claim Mobile App to improve communication with and help injured workers access real-time information about their workers’ compensation claims.

Key Points: 
  • New York, NY, Oct. 05, 2023 (GLOBE NEWSWIRE) -- The New York State Insurance Fund (NYSIF), the state’s largest workers’ compensation insurance provider, has launched a new Claim Mobile App to improve communication with and help injured workers access real-time information about their workers’ compensation claims.
  • “Our new Claim Mobile App was designed with injured workers in mind and is geared to provide the most up-to-date and commonly requested information about their claims and benefit payments,” said NYSIF Executive Director and CEO Gaurav Vasisht.
  • Workers’ compensation and benefit claimants can download the free NYSIF Claim Mobile App by searching "NYSIF Claim" in their app stores (available for both iOS and Android devices).
  • NYSIF has determined approximately 86% of its claimants have access to smart phones and expects this to help injured workers better manage their claims.

New York State Insurance Fund Launches Campaign to Help Employers Promote Mental Wellness in the Workplace

Retrieved on: 
Wednesday, July 19, 2023

The campaign helps all employers, including those who are not NYSIF policyholders, create an employee mental wellness action plan, marshalling information from multiple sources.

Key Points: 
  • The campaign helps all employers, including those who are not NYSIF policyholders, create an employee mental wellness action plan, marshalling information from multiple sources.
  • “Stress and mental wellness are emerging as exceedingly important workplace variables as workers return to the office in higher numbers,” said NYSIF Executive Director and CEO Gaurav Vasisht.
  • “NYSIF’s campaign empowers employers with strategies to reduce mental health stigma, encourage open dialogue between supervisors and employees, and offer guidance on self-care and resiliency.”
    Recent workplace surveys reinforce the importance of mental wellness for employers.
  • which can help them plan a “Mental Health Awareness Week,” and view other resources to learn more about how mental health concerns can impact workplace morale and productivity.

New York State Insurance Fund Releases Novel Report on Long-Term Impacts of Covid-19

Retrieved on: 
Tuesday, January 24, 2023

Forty percent of workers with Long Covid returned to work within 60 days of infection while still receiving medical treatment.

Key Points: 
  • Forty percent of workers with Long Covid returned to work within 60 days of infection while still receiving medical treatment.
  • "The NYSIF report provides invaluable data on the potential impact of Long Covid on New York’s workforce," said New York State Commissioner of Labor Roberta Reardon.
  • “I commend NYSIF’s continuous efforts to support New York employers and their employees as they deal with the challenges posed by Long Covid."
  • The report published today builds on other State initiatives to raise awareness and provide resources for those affected by Long Covid.

New York State Insurance Fund Offers Coverage to Policyholders’ Out-Of-State Workers

Retrieved on: 
Wednesday, October 19, 2022

NEW YORK, Oct. 19, 2022 (GLOBE NEWSWIRE) -- The New York State Insurance Fund (NYSIF), the states largest workers compensation insurer, announced that for the first time in its 108-year history it will extend coverage to out-of-state employees, helping its policyholders simplify their benefits planning.

Key Points: 
  • NEW YORK, Oct. 19, 2022 (GLOBE NEWSWIRE) -- The New York State Insurance Fund (NYSIF), the states largest workers compensation insurer, announced that for the first time in its 108-year history it will extend coverage to out-of-state employees, helping its policyholders simplify their benefits planning.
  • Since 1914, NYSIF has guaranteed the availability of workers' compensation insurance at the lowest possible cost to New York employers, said NYSIF Executive Director and CEO Gaurav Vasisht.
  • We now extend that offer to workers in states beyond New York, permiting NYSIF policyholders to benefit from NYSIFs competitive rates for all their employees.
  • NYSIF policyholders who wish to add their out-of-state workers to their current NYSIF workers compensation policy can contact an underwriter at www.nysif.com/outofstatecoverage .

NEW YORK STATE INSURANCE FUND WAIVES CREDIT CARD TRANSACTION FEE FOR SMALL BUSINESS POLICYHOLDERS

Retrieved on: 
Tuesday, September 13, 2022

New York, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The New York State Insurance Fund (NYSIF), the states largest workers compensation insurer, is waiving credit card transaction fees for eligible small business policyholders who enroll in, or currently use, paperless billing.

Key Points: 
  • New York, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The New York State Insurance Fund (NYSIF), the states largest workers compensation insurer, is waiving credit card transaction fees for eligible small business policyholders who enroll in, or currently use, paperless billing.
  • I want to thank Governor Hochul for her enduring commitment to New York employers and the environment, NYSIF Executive Director and CEO Gaurav Vasisht said.
  • Eliminating credit card transaction fees will lessen the burden on small businesses, which fuel the states economy, and encouraging paperless transactions will promote climate resiliency.
  • Under the program, when a policyholder enrolls in paperless billing NYSIF will waive the 2.25% fee that normally applies on credit card premium payments.

NYSIF Supports the Securities and Exchange Commission's Proposal to Reform Private Funds

Retrieved on: 
Thursday, May 5, 2022

The New York State Insurance Fund (NYSIF) announced today that it has sent a letter to the Securities and Exchange Commission (SEC) in support of the SECs proposal to strengthen private funds regulation, including private equity, venture capital, and hedge funds.

Key Points: 
  • The New York State Insurance Fund (NYSIF) announced today that it has sent a letter to the Securities and Exchange Commission (SEC) in support of the SECs proposal to strengthen private funds regulation, including private equity, venture capital, and hedge funds.
  • Over the past decade, private funds have experienced explosive growth as institutional investors have invested heavily in them, said Gaurav Vasisht, Executive Director and CEO, NYSIF.
  • Private funds control approximately $18 trillion in gross assets under management, with private equity assets alone doubling in size in less than five years.
  • The SEC proposal will spur competition, promote market efficiency, and help institutional investors like NYSIF meet their fiduciary obligations.