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In brief: Insurance Group debuts worker’s comp system
Lancaster-based Eastern Alliance Insurance Group (EAIG) unveiled a system designed to make it easier for employers to pay worker’s compensation premiums.
ParallelPay enables employers to pay their premiums one payroll period at a time, according to a news release from the company.
The pay-as-you-go system helps employers avoid large lump payments and installment fees, the company said.
EAIG developed ParallelPay in partnership with Boston-based AP Insurance.
EAIG is a subsidiary of Eastern Insurance Holdings Inc., shares of which are traded on the Nasdaq under the symbol EIHI.
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