A new Massachusetts state audit has made recommendations to improve accountability and efficiency in the workers’ compensation system.
Massachusetts State Auditor Suzanne Bump said on August 21 that her office’s review found that the state’s Department of Industrial Accidents, which oversees the system, does not ensure that assessments paid out by insurance companies are accurate.
Bump says the audit has already led to a number of improvements at the department, including the hiring two internal auditors to review insurance assessments. The audit examined fee collections, claims payments, and internal procedures from July 1, 2010 to Sept. 30, 2012.
All private employers in Massachusetts are required to carry workers’ compensation insurance and pay claims by individuals through a commercial insurance policy, self-insurance, or membership in a self-insurance group.
Was this article valuable?
Here are more articles you may enjoy.
Two-Thirds of Independent Agencies Plan to Increase AI Use This Year, Survey Says
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 

