Calabasas, Calif.-based Amwest Insurance Group Inc. announced it will reduce its workforce from 347 to about 255 and close branches as part of a strategic business reorganization plan. Under this plan, the company’s operations will be restructured in line with its renewed focus on smaller, more specialized surety accounts.
While Amwest has historically operated through 29 branches nationwide, its business will henceforth be concentrated in four states California, Illinois, Texas and New York.
Was this article valuable?
Here are more articles you may enjoy.
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses From This Issue
