NU Online News Service, May 16, 9:12 p.m. EDT–A bill signed into law last week providing loan money for a nearly-bankrupt fund paying some New York workers' compensation claims should keep the operation afloat though 2006, according to an Assembly official.
Christine Olli, Assembly Insurance Committee associate director, said how the fund does after 2006 will depend on "what if any other insolvencies [by workers' comp insurers there] might be in the future."
The law signed last week, bailed out the Workers Compensation Security Fund, which pays comp claims for workers whose companies have insurance coverage with carriers that become insolvent.
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