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Member of Defunct Self-Insurance Group Can't Get Out of Settlement

Friday, April 12, 2019 | 131 | 0 | 29 min read

A New York appellate court ruled that a member of a defunct group self-insurance trust could not back out the settlement agreements it made with the state Workers’ Compensation Board to cover its share of the outstanding liabilities. The Healthcare Providers Self-Insurance Trust was established in 1993 to provide workers' compensation insurance to its members that are employers in the health care industry. When employers joined the trust, they agreed to be held jointly and severally liable for the liabilities incurred while they remained members. In 2009, the state Worker...

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