ManagedComp Distributes $5M in Workers’ Comp Surplus

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).