Workers' Comp safety net lands in new claims pool: Market of last resort changes way it handles premiums

The state ran into problems, though, when several insurers became insolvent, which cost the state more than $1 million in recent years. Starting Jan. 1, all the premiums began going into a trust account, which pays the claims as needed. The insurance providers will not be called upon unless that account runs dry, Cooper said. The state safety net for Worker's Compensation insurance began the new year with a new plan to pay claims, one that might lead to fewer...

 

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