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Deficits for One Failed N.Y. Trust Reached $91.5 Million

Monday, August 11, 2008 | 0

Total deficits for one of eight group self-insured trusts formerly run by Compensation Risk Managers (CRM) reached $91.5 million before it closed in 2006, and the cash to pay injured workers from another failed trust will run out in five months, the Poughkeepsie Journal reported Friday.The Poughkeepsie, N.Y., newspaper detailed the financial status of some of the trusts managed by CRM following a meeting between the staff of the New York State Workers' Compensation Board (SWCB) and employers that were members of Transportation Industry Workers' Compensation Trust.The transportation tru...

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