CompWest Insurance Co., part of the Accident Fund Holdings family, has partnered with Align General Insurance Agency to write workers’ compensation insurance in California for high-quality risks with a debit experience modification, effective January 1, 2014. This new program is designed to provide customers and retail agents with a stable market for businesses whose recent loss activity has materially increased their experience modification.
According to Gene Simpson, vice president of Underwriting and Marketing for CompWest, the company always been open to writing debit mod business, but the new partnership with Align General Insurance Agency will leveraging their experience in this segment, as well as their track record of growing successful programs. “We believe CompWest’s claims and loss control service model will help these customers improve their loss results, reduce their experience modification, and ultimately lower their overall workers’ compensation costs.”
The program targets California operations with annual premiums between $75,000 and $500,000, with an experience modification of 1.25 or higher, in a variety of classifications including: auto repair, hospitality, manufacturing, retail, service, wholesale and wineries.
Accident Fund Holdings, Inc., based in Lansing, Mich., and its subsidiaries is a non-governmental specialty writer of workers’ compensation insurance in the United States. Accident Fund Holdings conducts business through its four brands: Accident Fund, United Heartland, CompWest and Third Coast Underwriters. Accident Fund Holdings is a wholly-owned subsidiary of Blue Cross Blue Shield of Michigan.