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Cuomo Staff in Compromise Talks Over Fate of Group Trusts

Thursday, March 3, 2011 | 0

By Michael Whiteley, Eastern Bureau ChiefStakeholders in the workers' compensation system met Tuesday with a top labor adviser to New York Gov. Andrew Cuomo to discuss a compromise that would allow the group self-insured trust system to continue and to shed some or all of the $800 million in unpaid worker claims left from trust failures through loss-portfolio transfers.One participant in the meeting, who asked not be named, said an ad hoc committee of representatives from business, labor, and former trust managers met with Alphonso David, Cuomo's top labor adviser and the administratio...

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