Healey Wants Insurers to Offer New Audits to Reflect Payroll Cuts

Massachusetts' attorney general is asking the state insurance commissioner to direct insurers to take steps to reduce comp premiums because payroll has been cut so drastically for many employers during the coronavirus pandemic. “In light of both the payroll and classification issues, the current state of emergency and the difficult financial situation in which many companies are operating, the insurers should be directed to immediately offer policyholders expedited audits to reduce premiums,” Attorney General Maura Healey wrote in a letter to Insurance Commissioner Gary An...