The steady rise in employment in the health care industry over the last six years, as jobs in most other fields disappeared, has created an opportunity for expansion for Accident Fund Holdings, Inc. in the health care area of the California workers’ compensation market.
CompWest Insurance Co., part of the Accident Fund Holdings family, has partnered with Phoenix Risk Management Insurance Services to write workers’ compensation insurance for specific classes in the health care industry. This program targets California operations with an annual premium between $75,000 and $500,000 in a variety of classifications including: residential care for children; nursing homes, convalescent homes or hospitals and rest homes; physicians’ offices; residential care for elderly or adults; and residential care for the developmentally disabled.
CompWest’s focus on underwriting, specialized loss control and integrated claim management services combined with Phoenix Risk Management’s experience in this particular segment brings policyholders assistance in minimizing injuries and reduce long-term insurance costs. Additionally, this partnership brings focus and expertise to the California workers’ compensation market.
Accident Fund Holdings, Inc. is a workers’ compensation insurance holding company conducting business through four operating units: Accident Fund Cos., located in Lansing, Mich.; United Heartland, located in New Berlin, Wisc.; CompWest, located in San Francisco; and Third Coast Underwriters, located in Chicago. Accident Fund Holdings is a wholly-owned subsidiary of Blue Cross Blue Shield of Michigan.
Was this article valuable?
Here are more articles you may enjoy.