27-06-2017 16:16 via insuranceinsider.com

Illinois poised to create workers' comp fund

Illinois, a state with $11bn in unpaid bills, may be on the
verge of creating the first state-financed workers'
compensation insurance system to be set up in decades.The Democrat-dominated Prairie State legislature has passed
HB2622, which calls for $10mn in state funds to be used to
establish the Illinois Employers Mutual Insurance Company.The money would come from funds used to operate the Illinois
Workers' Compensation Commission, with the transaction
structured as a loan.The proposal is desi
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