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Competition picking up for workers' compensation coverage.

Publication: Mississippi Business Journal
Publication Date: 24-SEP-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Competition picking up for workers' compensation coverage.(Focus: Insurance & Employee Benefits)

Article Excerpt
In the late 1980s and early 1990s, a number of insurance companies stopped writing workers' compensation coverage in Mississippi. Many businesses couldn't afford coverage even when they could find it. Legislation was passed to enable trade groups to begin self-insurance programs for their members. These programs have been well received. Now things have changed, and insurance companies are eager to begin covering workers' comp again.

"We have 15 self-insuring trade groups in Mississippi now," says Liles Williams, chairman of the state Workers' Compensation Commission. "That was one of the big things that assured we would have viable industry. Thanks to that and tort reform, commercial companies are coming back to Mississippi."

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He feels it's now a buyers' market--good news but maybe not for the self-insured groups. "Competition is good...

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