Today’s issue of WorkCompRecap features some M&A action with Patriot National’s announcement that it has acquired InsureLinx, a provider of technology services for workers’ comp administration and insurance premium billing.
InsureLinx enables businesses to pay their premiums each pay period based on actual payroll rather than generated estimates, which Patriot noted it expects will be a “major disruptor” in the workers’ comp marketplace, as policyholders can reduce or eliminate large down payments and avoid year-end audit discrepancies, and insurance carriers are able to eliminate billing, collections and auditing costs. InsureLinx will become part of Patriot Technology Services, and CEO Jeff Harris will assume the role of Executive VP – Business Development, reporting to Patriot CEO Steven M. Mariano.
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