Growing Scandal Surrounding Workers' Compensation Carriers

Tip of the hat to Workers Comp Insider for keeping us up to date on the ever-growing criminal scandal surrounding the practices of many of the nation's largest comp carriers. Insider cites the work of workers compensation insurance expert Joe Paduda, who has his own blog titled Managed Care Matters. Last week Padula reported on NY Attorney General Eliot Spitzer?s ongoing investigation into the insurance industry has produced guilty pleas from 14 insurance execs so far. And more prosecutions and pleas are reportedly likely in the near future. Leading the list of the guilty pleas are Marsh with six, followed by AIG with four and Zurich with three.