HELENA, Mont. – Insurance Commissioner Matt Rosendale released the below statement following the Montana State Fund’s action approving a premium rate reduction today:
“I’m pleased to see a reduction in the State Fund’s rates after I approved the biggest loss costs decrease in eight years,” Rosendale said. “Unfortunately, this rate reduction is not as big as it likely should be because of the $28 million that was redirected from the State Fund last year. Any decrease in work comp insurance rates is good for Montana’s small businesses, so I’m happy to see rates continuing to decline.”
“This rate reduction is a credit to the improved safety record of Montana’s businesses and the policies that we have put forward,” Rosendale continued.