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.