A growing number of municipalities are turning to tax-exempt bond pools to help allay the costs of liability and workers' compensation insurance, a practice that is expected to increase further, according to Standard & Poor's Corp.

The use of pooled financing, is likely to accelerate because of the "high costs and limited availability of insurance, and municipalities' large annual insurance needs," the rating agency said in a press release last week.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.