Montana State Fund

MT: State no longer has highest workers’ comp rate, study finds

By   /  October 11, 2012  /  Business, Montana, News, State Budgets, State Government  /  No Comments

workers comp

By Phil Drake | Montana Watchdog
HELENA — Nearly 18 months after Montana cut its workers’ compensation rate, the Treasure State no longer has the most expensive rate in the nation.
Instead, it has the eighth highest premium rate after sweeping reforms reduced the rate by 20 percent, according to the “2012 Oregon Workers’ Compensation Premium Rate Ranking [...]

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MT: State insurer waits to see benefits from workers’ comp reform

By   /  September 28, 2012  /  Montana, News  /  No Comments

A slide shown at the Sept. 11 Economic Interim Committee meeting.

By Phil Drake | Montana Watchdog
HELENA – A rare display of bipartisanship in the 2011 legislative session came with the passage of House Bill 334, a sweeping  workers’ compensation reform package expected to cut costs by an average of 20 percent.
In 2010, nearly $400 million was spent on workers’ compensation in Montana, according to estimates. [...]

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Debate over listing Old Fund obligations is a $64 million question

By   /  June 20, 2012  /  Montana, News  /  No Comments

By PHIL DRAKE | Montana Watchdog
HELENA – It’s the $64 million question: Who should be responsible for listing the Montana State Fund’s Old Fund obligations?
The Legislative Audit Committee debated that issue Tuesday with the governor’s budget director following a report saying the state’s General Fund should reflect the obligations while the governor’s office claiming it [...]

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Three new members appointed by governor to Board of Horse Racing

By   /  March 5, 2012  /  Montana, News  /  No Comments

HELENA -  Gov. Brian Schweitzer on Monday announced three new appointees to the Board of Horse Racing,  a panel now trying to determine how it incurred a $535,000 shortfall in 13 months to its simulcast program.
They are Dale Mahlum, of Missoula, who is an industry representative. He replaces board chairman Al Carruthers, who died in January. [...]

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New workers’ compensation rates go into effect in Montana today

By   /  July 1, 2011  /  Montana, News  /  No Comments

By PHIL DRAKE
It may seem like Christmas in July for some Montana businesses as new workers’ compensation rates went into effect Friday, the result of the most recent legislative session in which the program underwent major reform in an effort to cut costs and provide savings to employers.
In May, the Montana State Fund board, the [...]

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State officials give thumbs up to workers’ comp rate decrease

By   /  May 26, 2011  /  Montana, News  /  No Comments

By PHIL DRAKE
HELENA – Two state lawmakers behind a workers’ compensation reform bill said this week they are happy with a recent rate decrease approved by the state’s largest workers’ compensation insurer – but at least one of them added he wished it was more.
Rep. Scott Reichner, R-Bigfork and House Speaker Mike Milburn, R-Cascade, complimented [...]

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