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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Market Share Report: Strong Growth For Certain Carriers

The ten carriers at the top of California’s work comp industry were unchanged between 2013 and 2014.  Within that top ten there were some very aggressive plays for market share including one carrier that boosted its written premiums by nearly 60%.  Many of the others either held pat or actually trimmed their writings as the … Read More »

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Higher Rates, Exposure Drive Up Workers’ Comp Premium Totals To Pre-Recession Levels

California’s workers’ comp market returned to its pre-recession levels in 2012 as mostly higher pure premium rates and some expanding payrolls boosted direct written premiums to $9 billion – a level not seen in California since 2007. The latest market share report by the California Department of Insurance also shows that the gap between the … Read More »

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Recession Drives More Job Cuts at Workers’ Comp Carrier

Employers Holding Group (NYSE: EIG) continues to pare its staff as part of more than a year of corporate reorganization driven by the ongoing recession and its impact on premium. The company is eliminating another 160 positions — an 18% reduction in force that includes many positions in California — just a year after cutting … Read More »

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