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IIABNY Issues Alert on Failed Trust Assessments

Wednesday, May 21, 2008 | 0

Independent Insurance Agents & Brokers of New York (IIABNY) has advised its members to prepare their clients to quickly address a summons issued in connection with the Aug. 31, 2006 failure of Manufacturing Self-Insurance Trust.New York state Attorney General Andrew M. Cuomo issued a summons to former trust members earlier this year seeking to recover $1 million in previously billed and uncollected assessments, and to collect new assessments to cover injured workers' claims estimated to be at least $25 million.The summons, issued in January, is one of a series of emergency actions take...

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