Montana St Fund Withdraws Privatization Plans

Montana State Fund, which had earlier contemplated privatization , has withdrawn those plans for the time being, winning the praise of industry critics. The Alliance of American Insurers yesterday expressed satisfaction with the decision, stating that the bill that would have transformed the fund into a mutual insurance company would have done so in a format that lacked direct regulatory oversight, yet included the new company in the state guaranty fund. The bill had been scheduled for introduction during a special, two-week legislative session next month. "The Alliance talked during t...