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