Healthcare Services Moves Comp, Employee Benefits to Captive

Healthcare Services Group said in a press release that it will transition its workers' compensation and some employee benefits programs to its New Jersey-based captive, HCSG Insurance Corp. The housekeeping and laundry firm, based in Bensalem, Pennsylvania, employs more than 35,000 around the United States. It established HCSG Insurance in January 2014 to write general liability, according to a report in Captive Review, an online news service. The company said it reconsidered how it administers its workers' compensation and health benefits program because of the Affordable Care Act. ...