Today’s edition of WorkCompRecap features news from the multi-state settlement case regarding AIG, this time coming from Pennsylvania’s Insurance Department, which noted that in the largest fine levied in the agency’s history, AIG and its workers’ comp affiliates will pay the state more than $16.8 million in fines and assessments. The agreement became effective last week, and Pennsylvania’s Insurance Commissioner made sure to note that current management has also shown its commitment to a culture of regulatory compliance. Find out more by clicking here!
Also in the news today is the ACIC, who have voiced their support of the California Senate’s approval of SB 959, authored by Senator Ted Lieu (D-Torrance). The new measure seeks to eliminate a provision that allows medical providers to charge double for implantable spinal hardware. Citing two RAND studies that concluded the double-payment is unnecessary and also incentivizes bad behavior in the form of over utilization, ACIC’s President commented that “injured workers should not receive inappropriate medical care in order to enable someone else to profit more”. Find out more by clicking here!