State Insurance Fund

Insurance Claim Payment Activities

The State Insurance Fund provides workers' compensation and disability benefit insurance coverage to about 45 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 July 1, 1995 though December 31, 1995, the Fund processed more than 1.1 million payments totaling $809 million. We audited about 19,000 payments totaling $166 million. Our audits prevented overpayments totaling $794,053 and underpayments totaling $26,427. 96-D-6