Vol. 4, No. 4

One bedrock of our economy is the ability of businesses to compete against each other on a level playing field. Sadly, in New York state, there is a glaring exception to this fundamental rule of capitalism. The New York State Insurance Fund competes against private carriers for workers' compensation insurance business, but the quasi-state agency is regulated differently, is not subject to the same laws that apply to its competitors and seems intent on taking New York toward a monopolistic market. As even a Cave Man knows, consumers, whether they are individuals or commercial interests, sufffer when no one has to compete for their business. Fortunately, a solution has been proposed to rein in the State Insurance Fund. Click here and listen to my explanation of why this proposed legislation should pass through the New York State Senate and Assembly unimpeded with major support from independent insurance agents and brokers. Then, let me know what you think by posting a comment on this blog or e-mailing me directly.