Contact Us

Montana State Fund Board Of Directors Approves Rate Reduction, Continue To Improve Work Place Safety

Chris McGrath / Getty Images
Chris McGrath / Getty Images

The Board of Directors of Montana State Fund has approved a 5% reduction in premium rate level. President of the Montana State Fund Laurence Hubbard explains.

“This is an average rate decrease which is spread throughout the 26,000 customers and the various businesses they engage in,” said Hubbard. “It caps a long trend, almost 11 years, of rate decreases or holding rates flat for Montana State Fund since 2007. That is 44 percentage points lower than it was in 2007. This is all very good news for Montana.”

Hubbard says rates have decreased due to improvements in work place safety, but Montana still has a worse workplace safety record than its neighbors.

“We are a pretty rural state,” Hubbard said. “People have to travel long distances on highways to transact business. There is a bit more exposure I think in Montana than some states, but even our neighboring states like Wyoming and North Dakota have lower accident rates than Montana. We clearly know there is something about our culture that creates an environment where people are at risk a bit more and we can improve that culture.”

According to Hubbard, over the past two years, MSF has returned a record of 70 million dollars in dividend to Montana businesses because of improvements.

Best of KYSS

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://kyssfm.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KYSS Corral quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KYSS Corral contests, events, coupons, presales, and much more delivered to you for FREE.