Attorney Says CRM Settlement May Push More Debt onto Healthy Trusts

The lead attorney for 13 group self-insured trusts that are refusing to pay emergency assessments to cover the debts of failed trusts is questioning a settlement between the New York State Workers' Compensation Board and Compensation Risk Managers (CRM) because it doesn’t require CRM to cover the debts left in the wake of the collapsed CRM-run trusts.Richard E. Honen said Tuesday the board's settlement with trust manager CRM leaves it unclear as to whether emergency assessments ordered by board Chairman Zachary Weiss to cover unpaid workers' injury claims will increase the ch...