BWC Sees Investment Losses of About $3.4 Billion for Month

The BWC has seen its investments drop by about 12.5% for the month due to the COVID-19 outbreak and its effect on the stock market. The BWC board, which met Thursday, March 19, was informed that the total stock and bond market value of the State Insurance Fund has dropped about $3.1 billion, and across all funds, the value is down about $3.4 billion, according to Gongwer News.

The board approved an emergency rule change to allow BWC Administrator/CEO Stephanie McCloud to postpone the managed care open enrollment period, perhaps until as late as May 2021. 3/19/2020