WSI

After carefully studying the issues and problems at Workforce Safety and Insurance (”WSI”), I put forth a detailed proposal on February 4, 2008, that would allow the Insurance Department to play a specialized and necessary role in bringing long term accountability to WSI.

My proposal envisions a regulatory oversight role of WSI by the Insurance Department that uses the unique expertise of the Insurance Department in regulating insurance companies and covers both sides of the coin–consumer protection and company solvency.

The ultimate goal on this very difficult issue should be to put in place a system of reasonable oversight that will bring long term accountability to WSI and put the agency in the best position possible to serve the people of North Dakota.