A change in terminology may have helped win an endorsement for draft legislation addressing West Virginia’s ongoing efforts to privatize its workers’ compensation system.
The bill calls on the state insurance commissioner to inform lawmakers of proposed rule, policy and guideline changes to workers’ compensation.
This kind of insurance covers workplace injuries and illnesses.
The joint Judiciary Committee approved the bill after replacing references to “oversight” with “reporting requirements.”
Tuesday’s vote was not unanimous. Critics argue it may scare private insurers who can start competing for these policies on July 1.
Bill supporters say they have no plan to derail privatization.
The regular legislative session began Wednesday.
Was this article valuable?
Here are more articles you may enjoy.
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
