WEA Trust looks to adapt: Nonprofit insurer sees revenue decline almost $70 million

channel3000.com:

The nonprofit insurer that covered about two-thirds of Wisconsin school districts last year has seen its revenue decline almost $70 million after the state gave districts more freedom to switch insurers.

But WEA Trust said it's still in good shape. Spokesman Steve Lyons said the insurer is expanding its customers from just school districts to municipalities and individual state employees.

The insurer's business took a hit after Gov. Scott Walker eliminated certain collective bargaining rights for most public employees.

Walker's office touts data showing that 52 school districts that switched carriers saved a total of $30 million.

Posted by Jim Zellmer at April 18, 2012 3:11 AM
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