Trust Rescue Plan Getting High Marks from Stakeholders

By Michael Whiteley, Eastern Bureau ChiefThe 11th-hour rescue plan for New York's troubled group self-insured trust system hammered out by Gov. Andrew Cuomo and lawmakers this week is getting high marks from stakeholders ranging from the state's unions to its major insurance carriers.Some warn the devil remains in the details. Still unknown is how many of the state's 20 still-active trusts will be able to meet a Nov. 1 deadline for posting assets equal to their existing liabilities and a series of other new tests to continue operating.The New York Legislature approved the plan as p...