State Funds Studied

Workers' compensation state funds have garnered an increasedshare of the market at the expense of private insurers, accordingto a study covering the years 1997 to 2001 released in late Aprilby Conning Research & Consulting Inc. in New York.

Michael Weinstein, Conning's director of research, noted thatthe funds' share of the workers' comp market in states withcompetitive funds increased from 24 percent in 1997 to 32 percentin 2001. “The state funds wrote $7 billion out of the $31 billionin premiums in 2001,” he added.

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