North Dakota May Miss A Prime Opportunity

As I have said in many previous posts, a monopolistic Workers Comp carrier is not the best choice for a Workers Comp system in any state. North Dakota seems to have agreed to keep their current government-run monopolistic carrier.

Officials from Nevada and West Virginia say that taking their state`s workers` compensation operations private has helped lower insurance rates and provide better service, but the officials say the moves were prompted by severe money problems. North Dakota`s Workers Compensation system is financially healthy. State legislators say there may not be much support for taking it private. Right now, businesses that must have workers` compensation coverage have to buy it from North Dakota`s Workforce Safety and Insurance agency.

While North Dakota's WSI may be solvent and healthy, that may be at the expense of businesses paying out more Workers Comp premiums than in an open market such as Nevada or West Virginia have begun in the last few years/months.