A recent investigative report from the Texas Tribune addresses ACE American Insurance Company and the recent $250,000 fine levied against it for failing to pay timely death benefits – likely the largest fine in the history of the Department of Insurance against a workers’ comp insurer. According to the Tribune, ACE has a long history of workers’ comp violations in Texas. From 2011 to May 2015, it paid a total of $462,579 in monetary penalties (including the $250,000 fine). That figure is more than any other insurer in the same time frame, despite the fact that the company has a market share of less than one percent.
Read the piece here.