ManagedComp Inc., a Woburn, Mass.-based national worker’s compensation underwriter and third party administrator, plans to distribute $5,432,000 in surplus to four self-insurance groups (SIGs) in Massachusetts.
ManagedComp has administered and managed workers’ compensation claims for the groups since 1989 distributing more than $100 million in dividends.
The groups receiving the dividends are the Massachusetts Manufacturing Self-Insurance Group, the Massachusetts Care Self-Insurance Group (nursing homes), the Massachusetts Trade Self-Insurance Group (retail merchants) and the Massachusetts HealthCare Self-Insurance Group (hospitals).
Was this article valuable?
Here are more articles you may enjoy.
Report: Auto Insurance Total Loss Frequency Climbs, More Drivers Pay Repairs 
Storm Austen Will Be Stronger Than Forecast Along UK Coasts 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion 
