N.Y. Group Says Trusts Will Prosper in New Regulatory Environment

The president of the Group Self-Insurance Association of New York dismissed gloomy forecasts coming from both ends of the group self-insured trust industry spectrum last week and said a 2008 legislative reform and plans in the works are enough to keep the industry thriving."We will remain competitive because self-insurance has no profit load, no stock return-on-equity pressures and low expense margins - unlike our traditional insurance competitors," said Kathleen Mecca Camp, president of the association and of FCS Administrators, New York's second largest administrator of group self-insur...