A longstanding, steady presence and a primary focus on workers’ compensation insurance have helped state funds dominate in many states in which they operate, some say, including seven non-monopolistic states where they have grabbed more than half of the market share.
Oregon’s SAIF Corp. tops the list of non-monopolistic state funds with 69% of the market share in the state last year, according to a September report from A.M. Best. SAIF's dominance is followed by Maine’s MEMIC, with 64% of its home state's market share.
State funds in Idaho, Montana, Rhode Island...
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