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S.C. Report Finds Error in SIF System

By Kimberly Parent, National Underwriter Published June 19, 2006 A recent study has found that small businesses in South Carolina are not receiving the state’s second injury fund rate reduction benefits they are supposed to. The analysis was conducted by Advance Insurance Management, an independent consulting firm based in Riverside, Ill., for the South Carolina

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Chamber Says Insurers Overcharging Small Businesses

By Jim Sams, WorkCompCentral Published June 8, 2006 More than half of South Carolina small businesses that qualify for reduced premiums because claims were paid by the state’s Second Injury Fund are not getting the credits they deserve, the South Carolina Small Business Chamber of Commerce charged Wednesday. The Small Business Chamber said a study

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Insurance Carriers Overcharging Small Businesses

June 7, 2006 Columbia, SC– A study of Workers’ Compensation Second Injury Fund claims shows that 51% of small businesses qualifying for premium reductions did not receive them. The study was conducted by Advanced Management Insurance for the SC Small Business Chamber of Commerce. The Second Injury Fund was established to encourage businesses to hire

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Insurer the beneficiary of lack of contract regulation

By Renee Dudley | The Post and Courier May 22, 2006 In 2006, the South Carolina Legislature repealed a decades-old insurance code, stripping the state’s authority to regulate discounting in contracts between hospitals and insurers. The deletion allowed the state’s biggest health insurance company, Blue Cross Blue Shield, to negotiate contracts that could cripple its competitors

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