Idaho Insurance Fund Policyholders Receive Settlement Checks

Policyholders have begun receiving payouts from the state fund's settlement of a class-action lawsuit alleging that the fund's dividend policy violated the law. The payout was part of a settlement the Idaho Insurance Fund entered into as part of a settlement of a case where small businesses argued that the fund's policy of issuing larger dividends to policyholders with more favorable loss experience was in violation of state law. According to an article in the Idaho Statesmen, the Idaho Department of Health and Human Services was one of the biggest beneficiaries of the s...