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Connecticut: Legislative session ends without creation of state comp insurer
Lawmakers in Connecticut adjourned their 2010 session without passing legislation to establish a state-sponsored workers' compensation insurance company.
Laura Kersey, assistant vice president of the American Insurance Association's Northeast region, said the Legislature made the right decision when it came to H.B. 5308. "Any move to implement a state fund in Connecticut would have been inconsistent with the national trend towards privatization," Kersey said. "The so-called 'mutual' insurance company would have actually been a government-sponsored insurer with competitive advantages in the marketplace, intended to skew a level playing field now existing among private market participants, supposedly for the benefit of small employers. Fortunately, legislators recognized that Connecticut's workers' compensation market is already healthy, stable and competitive, and that a state fund is both unnecessary and ill-advised."
June 28, 2010 Copyright 2010© LRP Publications |
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