State Fund Remains California’s Largest Workers’ Comp Carrier

The 2020 California workers’ comp market share totals are in, and the State Compensation Insurance Fund remains the largest writer of workers’ comp coverage. However, there is a new member among the top 10 largest workers’ comp carriers. The new member is Arizona’s CopperPoint Group. Copperpoint bucked the general trend of lower workers’ comp writings … Read More »

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State Fund is Number One Again

The 2019 market share totals are telling. While the ten largest groups writing workers’ comp coverage in California are unchanged from 2018, there is significant movement among the players starting from the top on down. Berkshire Hathaway Group (NYSE: BRK.A) relinquished the crown it claimed from the State Compensation Insurance Fund in 2017 as the … Read More »

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PacificComp Sale To CopperPoint Complete

CopperPoint Mutual Insurance Company, the privatized former state fund in Arizona, has completed its acquisition of Pacific Compensation Insurance Company (PacificComp) from Alleghany Insurance Holdings. The deal marks CopperPoint’s entrance into the California workers’ comp market. PacificComp will continue to operate under its own brand name. The $150 million all-cash sale of PacificComp to CopperPoint … Read More »

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Utah Privatizes Its State Fund

Utah’s Republican Gov. Gary Herbert last week signed into law a bill that will transition that state’s Workers’ Compensation Fund into a mutual insurance corporation. The privatization bill passed the … Read More »