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Risk Pool Ordered to Wind Down Amid Fears over Financial Health

By John Breslin (Eastern Bureau Chief)

Tuesday, December 8, 2015 | 0

Dozens of New Hampshire cities, counties and school boards will have to find workers' comp coverage elsewhere after a state hearing officer ruled that a spin-off from the troubled Local Government Center is not financially viable. Administrative Hearing Officer Donald Mitchell found the Property-Liability Trust does not have “sufficient viability” to operate, thus failing to meet the standard of proof demanded in a 2014 consent agreement with the state's Bureau of Securities Regulation, the trust's oversight agency. PLT provides workers' comp insurance t...

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