San Francisco-based Tevis Insurance Company announced that it has filed an application with the California Department of Insurance to become a new workers’ compensation insurance carrier. The application will be reviewed and scrutinized by the California Department, but Tevis is optimistic that it will be approved.
Once licensed, the California- based company plans to offer creatively designed coverages to mid-sized businesses and associations to help them manage their insurance costs and develop long-term relationships with their carrier.
“We think we can be a key part of the solution to help resolve the state’s workers’ compensation issues,” said Jim Ross, the new company’s President and CEO. “Our goal is to become a world-class specialty lines writer of workers’ compensation insurance in California. We have a very experienced management team and solid financial resources to do this for the long term.”
“We have a fresh approach to writing business,” said Mike Briare, Tevis’ Senior Vice President. “Our goal is to become a financial and risk management partner to California businesses and associations, allowing them to assume a portion of the risk themselves using an approach not offered in today’s market. We will focus not only on the risk management side of the business but also on helping employers manage claims and claims costs in unique ways.”
Employers and brokers are looking for innovative solutions in a market that has seen severe price increases. Good businesses are closing or moving out of the state due to the cost of workers’ compensation. “We think that Tevis’ solutions to the workers’ compensation crisis will help keep good businesses in California,” said Briare. The Tevis management team has extensive experience in the insurance and financial services industry and a long successful track record in California.
For more information, contact Michael Briare of Tevis at (916)780-3647.
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