Workers' compensation claims administrator, ManagedComp, will be shutting down as a direct result of the recently announced TIG Specialty Insurance Co. restructuring.The Woburn, Mass., TPA's is primary client was TIG, which is now running off its workers compensation business as part of a restructuring implemented by the insurer's parent, Fairfax Financial Holdings Ltd. of Toronto. ManagedComp President and Chief Executive Officer Nancy Froude sent a letter to brokers on Friday announcing that the business would end Dec. 27. ManagedComp employees will continue to provide claims services throu...
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