$35 Million Coming to Minnesota Employers Insured for Workers Comp.
Retrieved on:
Tuesday, October 18, 2022
ST. PAUL, Minn., Oct. 18, 2022 /PRNewswire/ -- The Workers' Compensation Reinsurance Association (WCRA) is pleased to be distributing a $35 million surplus to policyholders in Minnesota. Policyholders are the more than 100,000 employers in the state who had workers' compensation premium in calendar year 2020. Any policyholder whose portion of the distribution exceeds $15 will receive a check from the WCRA. Pre-notice letters will be mailed to recipients in October, with the checks to follow about a month later.
Key Points:
- ST. PAUL, Minn., Oct. 18, 2022 /PRNewswire/ -- The Workers' Compensation Reinsurance Association (WCRA) is pleased to be distributing a $35 million surplus to policyholders in Minnesota.
- Policyholders are the more than 100,000 employers in the state who had workers' compensation premium in calendar year 2020.
- The WCRA was created 42 years ago by the Minnesota Legislature to improve the system of providing workers' compensation insurance at fair and reasonable rates to Minnesota employers.
- The Workers' Compensation Reinsurance Association is a quasi-public, nonprofit association that provides reinsurance for all insurance companies and self-insured employers licensed to provide workers' compensation in Minnesota.