Wisconsin Workers Compensation Insurance

“The two employer representative board members do not have voting rights to vote on budget and operating expenses of the pool. They can vote on all other matters.”

“The wisconsin compensation rating bureau ("bureau") acts as trustee for the wisconsin worker's compensation insurance pool ("pool"). The wcrb governing board is given complete charge and management of the affairs of the bureau under the authority of article vii of the bureau bylaws. The governing board consists of five stock and five non stock insurer representatives elected by members of the bureau; and two employer representatives elected by the governor.”

“The wwcip operates under the statutes of the state of wisconsin 2019-2020, which provides, in part, as follows: 619.01 mandatory risk-sharing plans insurance of rejected workmen's compensation risks as provided by the wisconsin administrative code. (1) mandatory plans (a)establishment of plans. - if the commissioner finds after a hearing that in any part of this state, worker's compensation insurance, is not readily available in the voluntary market, and that the public interest requires that availability, the commissioner may by rule either promulgate plans to provide such insurance coverages for any risks in this state that are equitably entitled to, but otherwise unable to obtain, that coverage, or may call upon the insurance industry to prepare plans for the commissioner's approval. (b)purposes and contents of risk-sharing plans. The plan promulgated or prepared under par. (a) shall: 1. Give consideration to the need for adequate and readily accessible coverage, to alternative methods of improving the market affected, to the preferences of the insurers and agents, to the inherent limitations of the insurance mechanism, to the need for reasonable underwriting standards, and to the requirement of reasonable loss prevention measures; 2. Establish procedures that will create minimum interference with the voluntary market; 3. Spread the burden imposed by the facility equitably and efficiently within the industry; and 4. Establish procedures for applicants and participants to have grievances reviewed by an impartial body.”

“A copy of form 990 is provided to the organizations management for review prior to filing and is made available to governing board members upon finalization.”

“Board members and key personnel are required to sign a "code of ethics and standards of professional conduct" yearly.”

“Public inspection of documents available online at www.wcrb.org”

“Public inspection of documents available online at www.wcrb.org”

“American home assurance - 175 water street, new york, ny 10038. General casualty company - 30 west monroe, suite 510, chicago, il 60603. West bend mutual insurance - 1900 south 18th ave., west bend, wi 53095. Society insurance co - 150 camelot dr, fond du lac, wi 54936. Sfm mutual insurance company - 3500 american blvd w #700, bloomington, mn 55431. Travelers indemnity co - 1 tower square, hartford, ct 06183. Secura insurance co - 2401 south memorial dr, appleton, wi 54912. Sentry insurance a mutual co - 1800 north point dr, stevens point, wi 54481. United wisconsin insurance co - p.o. Box 3026, milwaukee, wi 53201. Employers insurance company of wausau - p.o. Box 327, brookfield, wi 53005. Mike lester - p.o. Box 8090, wausau, wi 54402. Dan burazin - 1800 north point dr, stevens point, wi 54481.”

“All members of the governing committee serve without compensation and without reimbursement of expenses incurred in their duties. Time devoted to the organization cannot be reasonably estimated and actual time is unknown.”

“Disbursements declared, not distrib -40,194,470. Amortization premium on investments -438,007.”

“No change from prior year”

“The pool rules require that an assessment be levied and collected or a distribution be declared and distributed, respectively, in an amount sufficient to bring the value of the net assets up or down to the aggregate estimated values of such claims. The amount declared and to be distributed for 2022 to bring the net assets down to the aggregate estimated values of such claims was $28,220,904.”

“Administrative services are provided to the wisconsin worker's compensation insurance pool (wwcip) by the wisconsin compensation rating bureau (bureau). Since the administration of the pool by the bureau is provided for by the statutes of the state of wisconsin, the pool does not reimburse the bureau.”