Liabilities from Failed Trusts Climb to $966.8 Million

By Michael Whiteley, Eastern Bureau ChiefThe tab for injured workers' claims left by the insolvency of 20 New York group self-insured trusts has climbed to nearly $966.8 million and helped trigger at least seven lawsuits against trust managers, according to a report filed by State Workers' Compensation Board (SWCB).SWCB filed its year-end report with Gov. Andrew Cuomo and the New York Legislature on Dec. 30.The report was circulated to trust administrators last week. Lawmakers required SWCB to file the document as part of Assembly 4007, a legislative budget bill passed last spring that...