Lawmaker Proposes Privatization for MEM

Missouri Employers Mutual Insurance Co. would be required to create a private successor mutual insurance company by the start of 2023, under a bill introduced in the General Assembly. House Bill 761, by Rep. Shane Roden, R-Cedar Hill, would order the board of directors for MEM to perform all acts necessary to establish the new private carrier before Jan. 1, 2023. The bill would also order the board to prepare a report for lawmakers by Jan. 1, 2022, outlining the steps the carrier will take to make the transition. The report would have to include the calculated value of any state equity i...