Maximim Benefit Rate Increase

According to the New York Compensation Insurance Rating Board there's been an increase in the maximum benefit rate for accidents or dates of disablements on or after July 1, 2011. The new maximum rate is $772.96 for individuals with wages of $1,159.44 or greater. The previous maximum benefit rate that applied to accidents on or after July 1, 2010 was $739.83.