Court Revives WCB Claims against Accountant for CRM Trusts

By Sherri Okamoto, Legal ReporterA New York appellate court last week sorted out the claims that the state's Workers' Compensation Board could continue to pursue against the actuary and accountant for eight self-insurance trusts that were among the spate of failures plaguing New York at the turn of the millennium.The board is alleging that SGRisk, an actuarial firm that touts itself as a specialist in workers' compensation ratemaking, and UHY, which claims to be the 16th largest accounting firm in the United States, had manipulated the future liabilities of the trusts and fals...