Lynn Grandlund

Mapping the Maze of SIIS

Lynn Grandlund, Nevada Journal

A $2.2 billion unfunded liability currently exists in the State Industrial Insurance System, according to the insurance commissioner's recent audit.Over the last five years medical expenditures have risen an astounding 300-450 percent.Since by statue, private insurance carriers are not allowed to write coverage in Nevada, SIIS can rightly be termed a government monopoly.