Second Injury Fund Must Raise Assessment for 2021

Indiana's Second Injury Fund will raise its assessment on insurers for 2021, thanks to almost $7 million in disbursements in 2019, the Workers' Compensation Board announced. The board did not explain how much the assessment would be. It said the balance in the fund is about $3.7 million, but disbursements were double that. An assessment is needed when assets are less than 135% of the previous year's payments. “We will use the same formulas for the 2021 assessment as were applied for 2020, with an additional factor added to account for changes in employment statistics due to...