IWIF Seeking to 'Privatize' to Avoid $50 Million Budget Raid

By Michael Whiteley, Eastern Bureau ChiefThe Injured Workers' Insurance Fund (IWIF) is seeking for the second time in two years to become a private, nonprofit insurance company and avoid the latest attempt by Gov. Martin O'Malley and state lawmakers to raid the insurer's surplus.Lawmakers allied with the carrier filed bills earlier this month in both the Maryland House and Senate to create a new entity named the Chesapeake Employer's' Insurance Co., effective March 1, 2013.House Bill 1017 and its companion, Senate Bill 745, were filed by Maryland Delegate Dereck E. Davis, D...