N.Y. Trust Overhaul Mostly Draws Praise

New York's major overhaul and bailout of the group self-insured trust system drew general praise from a variety of stakeholders Wednesday, but sparked questions over what happens if the $52 million borrowed from the state's Uninsured Employer Fund isn't enough to shore up the system.In the final hours of the 2008 regular session, the New York Assembly voted final approval of Senate 8708. The bill covers the first phase of a larger plan to change the regulatory scheme for group self-insured trusts. Gov. David Paterson is expected to sign the bill into law quickly. The bill would all...