Administrators Hopeful about Cuomo's Plan for GSIA Liabilities

Claims administrators who had front-row seats to the collapse of New York's group self-insured trust system say they are optimistic that Gov. Andrew Cuomo's plan to cover the unfunded liabilities of 23 now-insolvent trusts will be bringing an unhappy chapter for many companies to a close.About 10,000 employers were left holding the bag for nearly $1 billion in claims after the trusts went under. Several former employer-members of the group trusts and the State Workers' Compensation Board have since filed suits against the trust managers and those cases are winding their way through...