Search
 

N.Y. Trust Assessment Decision Imminent

The increased assessment was levied in part to cover the shortfall in benefits payments caused by defaulting trusts administered by Compensation Risk Managers, LLC, according to Brian M Keegan, public

By Phil Gusman | Updated on June 05, 2008

An action filed against the New York Workers Compensation Board (WCB) by group self-insured trusts over an increase in assessments could be decided by the end of this month.

The increased assessment was levied in part to cover the shortfall in benefits payments caused by defaulting trusts administered by Compensation Risk Managers, LLC, according to Brian M Keegan, public information officer for the WCB. The trusts are captive insurers created to cover workers’ comp claims for participants.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.