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Community Requests

Board Seeks Guidance on Transferring Liability From Special Funds

Friday, August 11, 2017 | 726 | 0 | 0 min read

The New York State Workers’ Compensation Board is considering transferring nearly 70,000 claims to a private entity using an assumption of liability policy or other financial instrument to shed at least $830 million in estimated annual costs. The board on July 17 issued a “request for information” seeking attorneys, financial experts, brokers, actuaries or other experts interested in advising on how to transfer liability to a third party for claims against the Special Disability Fund, the Fund for Reopened Cases, the Uninsured Employers’ Fund, and defaulted self-insure...

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