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Day: January 27, 2016

New York Horse Owners/Trainers Significant Increase in Workers Compensation Rates

In a last-minute deal, horse owners and trainers have avoided a substantial increase in workers’ compensation premiums for jockeys and exercise riders in 2016.

In New York, workers’ compensation insurance premiums to cover jockeys and exercise riders are paid into the Jockey Injury Compensation Fund, which then purchases workers’ compensation insurance through the New York State Insurance Fund. Premium payments are assessed to owners and trainers.

Under New York law, the Jockey Injury Compensation Fund is required to submit a funding plan for the next year by November 15 of the current year. The Fund failed to meet that deadline for the second year in a row, prompting the Gaming Commission to issue an emergency rule, substantially increasing rates.

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