State news briefs

October 30th, 2003 by Julie Ferguson

Workers Compensation Fund Sues State of Utah
“This dispute has been long standing. WCF believes that the assets of the company are owned by its policyholders – that it is a mutual insurance company. WCF began in 1917 with $40,000 in seed capital from the State…This action is even more necessary now with last week’s announcement that WCF intends to spin off its subsidiary, Advantage Workers Compensation Insurance Company. “

Missouri: State reduces workers compensation insurance tax
“The state will reduce a tax that businesses pay on workers’ compensation insurance, a move that state officials say will save Missouri employers $12 million a year…The cut applies to a 2 percent tax that employers pay on workers’ compensation insurance premiums. “

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