New York's highest court ruled that the liability of municipalities that wished to withdraw from a county's self-insurance fund needed to be discounted to the value of that liability as of the date that they withdrew. Case: Village of Ilion v. County of Herkimer, No. 80, 05/01/2014, published. Facts: Herkimer County created a self-insurance plan for itself in 1956. By 2005, the plan was providing coverage for 32 cities, towns and villages within the county, including the Village of Herkimer.Herkimer County administered the plan. Each year, it would estimate the plan's lik...
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