View this article online: https://www.insurancejournal.com/news/west/2002/10/04/23550.htm
Core Solutions Inc. announced that it has developed a strategic initiative that will allow its clients to effectively manage the rising costs related to maintaining workers’ compensation coverage.
President Christine Favara stated, “Many employers in California have seen premium increases of 20-30 percent over the past year. Workers’ compensation insurance premiums are already one of the highest expenses affecting employers today. This increase has critically impacted our clients’ profitability and cost of doing business. By focusing on saving money for our clients’ in areas that are threatening their day-to-day operations, we are able to fortify our business relationships in a way previously unknown in the industry, and demonstrate to our clients that we are constantly striving to provide them with cost effective business solutions. We are their partner in solving their most critical employment issues.”
The Core Solutions initiative was developed in response to substantial increases in the costs and related expenses of managing workers’ compensation insurance policies for the Company’s clients in California and elsewhere.
The initiative will also allow Core Solutions to pursue new clients in industries that have traditionally been avoided by competitors due to adverse risk considerations. As such, management expects that it will provide additional competitive advantage for the company and will provide additional revenue support.