Idaho Fund Trial Postponed

A trial involving the Idaho State Insurance Fund has been put on hold until December, according to a report in the Spokesman Review.

To be determined is whether 26,000 Idaho businesses will receive damages for how the fund managers bought four office buildings in Boise. The legal argument centers on whether state officials correctly purchased the buildings using $30 million of insurance premiums paid by Idaho agencies and thousands of businesses.

The premiums go to help fund Idaho’s workers’ compensation fund. If claims fail to be filed, Idaho returns a portion of the money in the form of dividends.

Scheduled to begin earlier this week, First District Judge James Judd postponed the case at the request of the state. Judd did order the state to pay any incremental costs and attorneys fees as a result of the delay.

Judd also issued a ruling that he, and not a jury, will decide both the case and any possible damages owed to the Idaho businesses.