Plattsburgh Spent $1.2 Million to Bail Out of Group Trust Crisis

The City of Plattsburgh, N.Y., was forced to spend $1.2 million to pay off claims left from its involvement in a failed self-insurance trust that, at its height, had only 13 members, the Press-Republican of Plattsburgh reported Sunday.In an editorial detailing the cities' workers' compensation woes, the newspaper said the city should never have joined the Public Entity Trust of New York  – one of eight trusts once managed by Compensation Risk Managers (CRM).CRM withdrew from trust management in New York after the State Workers' Compensation Board filed administrative cha...