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               May 20, 2009
WCRA to Assess Insurance Companies and Employers
 
Yesterday, the Board of Directors of the Workers' Compensation Reinsurance Association, the state's mandatory workers' compensation reinsurer, voted to assess it's members $268 million to help reduce its $423 million year-end deficit.  All insurers writing workers' compensation and self-insured employers will be assessed based upon their historic exposure.  Minnesota employers will also pay a surcharge on their insurance premiums from 2010 to 2014 to help cover the deficit.  The proposed assessment must be approved by the Commissioner of Labor and Industry before becoming effective.
 
 
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