Hochul announces 22% average cut in workers' comp premiums — an estimated $1.7B in employer savings

Hochul announced insured employers statewide will see an average 22% reduction in workers' compensation insurance premium rates — estimated savings of more than $1B for businesses, averaging $1,779 per policyholder, with total announced savings over $1.7B. Lands as an affordability-agenda data point amid the campaign's cost-of-living framing.