NYSIF Hosts Annual MWBE Investment Symposium
NYSIF, New York State’s largest workers’ compensation carrier, hosted its 12th Annual Minority- and Women-Owned Business Enterprises (MWBE) Investment Symposium and strengthened its commitment to expanding opportunities for participation in all areas of its investment portfolio. At the event, held Tuesday, March 1, in New York City, NYSIF announced it far exceeded its established annual MWBE participation goal of 35% for State Fiscal Year 2020-2021, and will continue to recruit MWBE financial firms to further increase their participation in 2022 and beyond.
Learn more about our MWBE program
NEWS & MEDIA
NYSIF Executive Director & CEO Gaurav Vasisht submitted a letter of support this week for the Securities and Exchange Commission's proposed rules for private funds under the Investment Advisers Act of 1940. If adopted, the proposal would require private fund advisers to provide investors greater transparency into fees, expenses, and fund performance and prohibit them from engaging in certain activities that harm investors.
"Over the past decade, private funds have experienced explosive growth," said CEO Vasisht. "But as investor demand has soared, private market regulation has failed to keep pace. The SEC proposal takes an essential step to leveling the playing field and providing investors the information necessary to make informed investment decisions."
Risk Control Resource Center
Our comprehensive online resource delivers tools, information and training to help you minimize risks, prevent losses and stay in compliance. Available resources include industry-specific safety manuals, safety courses for employees, employee training videos and more. Take a spin through our demo video for more info. The NYSIF Risk Control Resource Center is one of many innovations we’ve developed to support your business. Log in or register today at nysif.com to see all the tools available to you and your employees at no additional cost.
Coverage for Policyholders’ Out-of-State Work
Working with licensed carriers in other states, NYSIF will soon begin to provide workers' compensation coverage for policyholders’ out-of-state employees. A business must have an active NYSIF workers’ comp policy, have more workers’ comp premium or payroll in New York State than in all other states combined, and will be subject to NYSIF underwriting review to be eligible for NYSIF’s out-of-state coverage. NYSIF expects to begin to offer out-of-state coverage beginning in the summer of 2022.