NYSIF Goes on the Offensive in Self-Insured Trust Scandal

The New York State Insurance Fund (NYSIF) has gone on the offensive to warn employers away from joining group self-insured trusts to obtain workers' compensation coverage.NYSIF issued a release Thursday detailing employers' ongoing troubles following the forced exit of Compensation Risk Managers (CRM) from the New York market last September.The fund cited a story published Tuesday in the Poughkeepsie Journal putting total employer assessments at $132.6 million based on unpaid claims left by the closure of six trusts managed by CRM.In all, CRM managed seven trusts that have closed or we...