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IIABNY Posts Group Trust Status Report

Friday, January 6, 2006 | 0

The Independent Insurance Agents and Brokers of New York posted the state's latest financial status report for the state's workers' compensation self-insurance trusts on its Web site Thursday. The report, dated Dec. 23, was produced by the state Workers' Compensation Board, which had previously denied requests by IIABNY to post the continuing updates on the board's Web site, citing concerns the information might be misinterpreted. The Dec. 23 report cites 30 of the state's 62 trusts as "underfunded on a regulatory basis," the same number listed on the board's Oct. 28 status report. Shor...

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