SeaBright Holdings Inc. announced that its subsidiary, SeaBright Insurance Co., has filed a 15.3 percent rate increase with the California Department of Insurance. The Company plans to apply the increase to California exposures on all SeaBright insurance policies with inception dates of September 1, 2010 and later.
SeaBright Holdings Inc. is a holding company whose wholly-owned subsidiary, SeaBright Insurance Co., operates as a specialty underwriter of multi-jurisdictional workers’ compensation insurance. SeaBright Insurance Co. distributes its maritime, alternative dispute resolution and state act products through selected independent insurance brokers and through its wholesale broker affiliate, PointSure Insurance Services Inc. PointSure is licensed in 50 states and also offers insurance products from non-affiliated insurers. Total Healthcare Management, another SeaBright Holdings company, provides integrated managed medical care services to help employers control costs associated with on-the-job injuries.
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