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Committee authorizes Lewis County severity fund for workers' compensation; sets $2M target and policy steps
Summary
After a presentation on workers' compensation costs and uninsured exposure, the committee approved a motion directing the county self-insurance administrator to establish a severity fund, obtain an employer's liability policy, and cancel the current Midwest excess liability policy by April 1, 2025.
County self-insurance administrator Cassandra proposed creating a "severity fund" to give the county more control over catastrophic and high-cost workers' compensation claims. The Finance & Rules Committee approved a motion directing the administrator to set up the fund, obtain a standalone employer's liability policy, and cancel the county's Midwest workers' compensation excess liability policy by April 1, 2025.
Cassandra told the committee the county currently maintains a workers' compensation fund balance of about…
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