A long-running dispute over how a nonprofit organization manages health insurance for 80,000 state workers and retirees in New Hampshire communities is finally up for a hearing.
The Local Government Center, which provides services and programs for local governments, also manages health insurance pools for the workers. It’s being challenged by the state Bureau of Securities Regulation, which says the center has acquired a surplus of more than $100 million in taxpayer money and needs to return it to cities and towns.
The center says it has returned surpluses in the form of rate reductions, saying communities prefer to have stability rather than get a check one year, and see a rate spike the next.
An administrative hearing is starting this week and is expected to last two weeks.
Was this article valuable?
Here are more articles you may enjoy.
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
