The former Arizona State Compensation Fund has operated as an independent entity for years, but the entity known as SCF Arizona will now be known as CopperPoint Mutual Insurance Company. The company will still have an A- rating from A.M. Best.
This is part of a continuing trend, for state Workers Comp funds to be morphed into mutual insurance companies, and would appear to be a good thing, as having Workers Comp reserves available for raiding by state politicians is just waaay too big a temptation.
No comments:
Post a Comment