Securities Bureau

Amanda Loder / NHPR

Communities that carry HealthTrust insurance for public workers could split $13.9 million following a vote by the program’s board of directors.  In an announcement late Tuesday afternoon, HealthTrust noted that the refund was bigger than expected.  The money comes from another risk pool, Property-Liability Trust.  

State regulators suggested the Local Government Center turn over control of its operation and assets to a neutral party.

The Securities Bureau Director says that’s the best way to address fundamental problems within the organization.

The Local Government Center, the group that provides insurance to cities and towns, faces four charges it violated state laws.

The Securities bureau alleges that LGC owes municipalities upwards of $100 million dollars.