Negotiations to craft legislation that deals with a series of defaults by New York employer groups that self-insure for workers' compensation claims are underway at the state capitol in Albany, with a deadline for action approaching rapidly.
Taking part in the talks with lawmakers and representatives from the governor's office, business groups and labor is the New York State Workers' Compensation Board.
The board has so far been stymied in court in its efforts to make solvent self-insured trusts pay emergency assessments to cover claims against those groups that have gone bust. Meanwhile, at the capital, legislators are due to go on a month-long summer recess starting at the end of June.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.