New York Gov. Andrew Cuomo announced last Friday the state issued $370 million in bonds to assist businesses in failed group self-insured trusts fulfill their obligations to their injured workers. The bonding is made possible in Gov. Cuomo’s 2013 Business …
The New York Dormitory Authority is borrowing $370 million this week to repay workers’ compensation claims, the first sale under a regulatory overhaul that Democratic Governor Andrew Cuomo said will save $1.2 billion. The issue is the first of as …
The New York State Workers’ Compensation Board (WCB) is pressing on with its effort to resolve the liability problems stemming from collapsed group self-insured trusts. WCB has been taking a multi-pronged approach to tackle the problems in the past few …
