Ailing benificiaries fight to receive settlement after insurance co. liquidates

Posted: 9:21 PM, Jan 08, 2013
Updated: 2013-01-08 21:21:59-05

Folks who’ve been blindsided by a state insurance company that’s been liquidated want Albany to prevent it from drastically cutting their settlement money.

We’re talking about people who are blind, brain damaged, handicapped, widowed and orphaned.

They depend on the money for medical care and living expenses.

The victims just found out about this mess during the holiday season.

A class action lawsuit is in the works. The state is counter suing.

It’s estimated that the company lost $2 billion because of mismanagement.

Some people have had their benefits cut by as much as 55 percent. Victims include a toddler who ended up blind because of a medical mistake.