By Michael Whiteley, Eastern Bureau ChiefA New York State Workers' Compensation Board (SWCB) official said Thursday total liabilities from failed group self-insured trusts in the state are "well over $1 billion" and blamed questionable accounting practices and conflicts of interest for a string of trust failures that began in 2006.Speaking during an Internet forum on group self-insurance held by the International Association of Industrial Accident Boards and Commissions (IAIABC) Thursday, SWCB Licensing Director Mary Beth Woods outlined the events that led up to last June's recommendat...
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