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Governor asks Legislature to study future of Utah workers' compensation fund; Deloitte, NCCI retained for analysis
Summary
The governor briefed the House on options for the state workers' compensation fund, introduced Deloitte & Touche and NCCI representatives, and said a full report will be delivered June 18. He said the fund has a notional book value near $300 million and controls roughly 53–58% of the Utah market; members discussed litigation risk, ownership questions and funding for due diligence.
The governor told the House the state has retained Deloitte & Touche, the National Council on Compensation Insurance (NCCI) and outside counsel to analyze options for the state workers' compensation fund and to prepare a report for lawmakers. The briefing framed a range of possible outcomes including keeping the fund as a state agency, bringing it closer to state government, demutualizing or converting it into a stock company, or selling it and distributing proceeds to appropriate parties.
The governor underscored the complexity and potential size of the transaction and described the fund as having a notional or book value “somewhere in the neighborhood of $300,000,000,” noting it affects roughly 53–58% of the…
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