surplus funds News

N.H. Court Upholds Local Government Center Repayment Decision

The New Hampshire Supreme Court has upheld an order for the Local Government Center to return $33 million in surplus risk-pool funds to participating cities and towns and restore $17 million it transferred out of its HealthTrust risk pool. The …

New Hampshire Risk Pool Manager Challenges $50M Refund Order

The New Hampshire Local Government Center is asking the state Supreme Court to reverse an administrative order that it refund $52 million to cities and towns it insures through its risk pool. The 2012 order found the LGC was violating …

New Hampshire AG Balks at Malpractice Fund Settlement

New Hampshire’s attorney general objected Friday to a proposed settlement in a tug-of-war over $110 million of surplus money in a state-created malpractice insurance fund because lawyers would get up to $27.5 million of it. Attorney General Michael Delaney wrote …