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Monday, August 3, 2009

Court was right to keep state's hands off JUA funds

Foster's argues that Judge Kathleen McGuire was right to keep state budget writers from taking $110 million from the Joint Underwriting Association:

While the JUA seems to have more than enough money today, that holds little promise of surplus in the future. Under New Hampshire state law, limits on jury awards — individually and collectively — are weak. A spate of unanticipated jury awards could strip JUA coffers.

Who then would be left to replenish the kitty? Would Gov. Lynch and the Legislature be willing to cough up the difference? Doubtful — very doubtful.

As a result, someone needs to defend the integrity of the JUA. (more)

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