Risk Management & Tort Defense

Protecting Montana's Vital Assets & Resources

Insurance Premium Holiday

During FY 2022, the Risk Management & Tort Defense Division won a court judgement and received settlement proceeds totaling $141 million for the recovery of expenses associated with Libby Asbestos litigation. This unexpected source of revenue resulted in actuarial reserve estimates that exceed funding targets; therefore, we are pleased to announce a 50% insurance premium holiday for the 2027 biennium.