New Hampshire has appealed a lower court ruling denying its claim to a $110 million surplus in a fund that underwrites malpractice insurance.
The state counted on $65 million of the money to help balance the budget in the fiscal year that just ended and used the other $45 million toward spending in the current two-year budget.
Superior Court Judge Kathleen ruled last week that the state’s claim is unconstitutional. She said the fund’s policyholders have a contractural right to the money.
The state argues lawmakers created the fund and the state has a right to use the surplus to support programs promoting access to health care.
The state has asked the state Supreme Court to expedite the appeal.
Was this article valuable?
Here are more articles you may enjoy.
FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings
Why 2026 Is The Tipping Point for The Evolving Role of AI in Law and Claims
Portugal Rolls Out $2.9 Billion Aid as Deadly Flooding Spreads
Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms