'First Cardinal' Trusts Taking Assessment Fight to Supreme Court

By Michael Whiteley, Eastern Bureau ChiefTwelve shuttered New York group self-insured trusts have asked the U.S. Supreme Court to intervene in a three-year battle over assessments levied by the State Workers' Compensation Board (SWCB) to pay off claims left by a string of trust failures dating back to 2006.The chairmen of 12 former trusts managed by New York administrator First Cardinal filed a petition for writ of certiorari last week with the nation's highest court. The petition argues that New York's group-trust crisis is part of a bigger liability problem facing multi-employer ...