MT State Fund to Raise State Agency Rates 34%

The Associated Press reported yesterday that Montana State Fund (MSF) will be raising average state agency workers' compensation rates by 34 percent beginning next month.However, the Fund is taking heat because at the same time it will seek pay raises for some of its employees. Laurence Hubbard, State Fund president and chief executive officer, told AP that the average 3.25 percent pay increase is less than last year and is necessary to ensure that top quality personnel are retained, and in order to recruit others from within the insurance industry.Last month MSF raised its general rates to em...