Acordia of California Insurance Services Inc.’s Wholesale P&C Division has announced it has decided to cease their workers’ compensation programs and wholesale operations.
Effective Sept. 1, 2005, Acordia will no longer be accepting new business and will be nonrenewing all existing in-force renewal business for workers’ compensation. The company said the will continue to honor any outstanding quotes through Aug. 31, 2005, and will continue to manage and service all current in-force renewal business until policy expiration and final audit.
On their Web site, Acordia cited the company’s overall focus and change in business model and marketing strategy as the reason for the discontinuation of the program.
The company suggests that brokers seek replacement coverage for all policies currently underwritten with Everest National Insurance Company expiring Sept. 1, 2005 and after. They may also access other wholesalers or intermediaries that are currently appointed with American All Risk Insurance Services (AARIS) to obtain a new or renewal quote with National Liability & Fire Insurance Company.
For more information, visit http://www.acordiawpc.com/.