The Oklahoma legislature voted to delay the sale of the state’s workers’ compensation insurance company, CompSource. The insurance company acts as the insurer of last resort for workers’ compensation.
The state had originally planned to sell CompSource because a number of critics believed the company enjoyed an unfair competitive advantage. A number of other states use a state-owned insurance company as an insurer of last resort for workers’ compensation claims.
If you or anyone you know has questions about workers’ compensation, contact the Philadelphia workers’ compensation attorneys of Lowenthal & Abrams, P.C., at 215-238-1130.