The Beginning of 2018 Marked the Launch of New York’s Paid Family Leave
The beginning of 2018 marked the launch of New York’s Paid Family Leave Act (PFL). As the nation’s strongest and most comprehensive paid family leave act to date, agents, employers and employees are all learning to navigate into this new territory.
While the new law is a major step forward for those advocating for better paid leave options for families, employers can be faced with new challenges from a staffing perspective. Knowing how paid family leave is taken can help agents prepare their clients for tracking time off, finding temporary coverage and ensuring compliance with the requirements.
AmTrust Financial’s disability team
Our team analyzed our initial claims data from January through June, 2018 to better understand how paid family leave was used and what how that is meaningful to agents and policyholders. Our data helped us determine:
- Who is taking advantage ofthe new law
- The size of the average claim by segment
- Which companies are most ikely to report a PFL claim