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Bills Target Insurer Profits and Propose State-Chartered Mutual Company

By J. Todd Foster (Reporter)

Wednesday, April 26, 2017 | 0

Illinois Governor Bruce Rauner continued to push for cost-saving reforms as state lawmakers returned to Springfield this week, but the Democratic majority has other changes in mind for the state workers' comp system. Bills that could reach floor votes as early as today would use public funds to create a state-chartered insurer and prohibit insurers from charging "excessive" rates. House Bill 2622 would require the Workers’ Compensation Commission to take $10 million from its operations fund to create the Illinois Employers Mutual Insurance Co. The nonprofit...

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