MSF Approves 8.6% Rate Cut

The board of directors for Montana State Fund on Friday approved an 8.6% rate reduction for policies taking effect on or after July 1. The carrier said in a statement after Friday’s vote that rates have remained flat or declined for 13 consecutive years. The rate taking effect in July is 43% lower than rates in 2011, the state-chartered carrier added. Gov. Steve Bullock said in a statement that Montana has been improving outcomes for injured workers while allowing businesses to keep more of their money to grow and create new jobs. While drafts that circulated before the start of t...