State Insurance Fund

Insurance Claim Payment Activities

The State Insurance Fund provides workers' compensation and disability benefit insurance coverage for about 40 percent of the employers in New York State. On a daily basis, the Comptroller's on-site audit staff examine insurance claims processed by the Fund. During the period October 1, 1994 though June 30, 1995, the Fund processed over 2.6 million payments totaling $1.3 billion. We audited about 31,700 authorized payments totaling $302.5 million. Our audits prevented overpayments totaling $1,457,085 and underpayments totaling $19,485. 95-D-31