WSI's Net Position Improves by $143M in FY2017

Workforce Safety & Insurance is insuring fewer employers as a result of North Dakota’s economic slowdown, but losses have declined and investment income is up, resulting in an improvement in the agency’s net position. WSI’s total net position was $609 million at the end of fiscal year 2017, an increase from $466 million at the end of the prior fiscal year, according to an auditor’s report from Eide Bailey LLP. The agency’s active policyholder count decreased by 336 in fiscal year 2017, which ended with 24,242 policies. That followed a decrease of 942 po...