Self-Insurance Trust Imposes 5% Annual Assessment

A self-insurance trust that once represented nearly 900 wholesale and retail businesses in New York has imposed a special annual assessment dating back to 1999 on current and lapsed members. The Wholesale & Retail Workers' Compensation Trust of New York said in a letter to members that it would collect 5.5% of premiums for each year from 1999 through polices ending March 31, 2006. The New York Workers' Compensation Board said the trust once had 895 members and now has 463 active members. A spokesman for the Independent Insurance Agents and Brokers of New York said the trust's effor...