NBC15 WMTV | Madison, WI | News

Madison Matters: WEA Trust Looks To Adapt

Posted Sunday, April 15, 2012 --- 11:10 a.m.

MILWAUKEE (AP) -- 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 says it's still in good shape. Spokesman Steve Lyons says 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.

Some districts said they had liked WEA Trust but switched to save money. But other stayed, saying WEA Trust's coverage has been so good over the years that it wasn't worth changing.

Copyright 2012. The Associated Press.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
NBC15 615 Forward Drive Madison, Wisconsin 53711 Business: 608-274-1515 Newsroom: 608-274-1500
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 147496505 - nbc15.com/a?a=147496505