The ranks of New York's group self-insured trusts are continuing to dwindle amid financial troubles that have left nearly 40% of them classified as underfunded, according to the latest report from the New York State Workers' Compensation Board (SWCB).The board posted its latest financial report on the industry Aug. 1. SWCB also announced this month that New York's employers have been assessed $132.6 million to retire unpaid injured workers' claims left from the closure of six trusts once run by trust administrator Compensation Risk Managers (CRM).The board has estimated total l...
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