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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Berkshire Hathaway Group Makes History

The State Compensation Insurance Fund is no longer California’s largest writer of workers’ compensation coverage in California. The Berkshire Hathaway Group (NYSE: BRK.A) replaced the quasi-governmental carrier as number one during 2017. It is believed that this is the first time in its history that State Fund is not the largest writer of workers’ comp … Read More »

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Market Share: The Big Are Getting Bigger

California’s insured workers’ comp market expanded 8% last year as written premium topped $12.3 billion.  Several major carriers grabbed additional market share. Overall, employers paid an additional $909 million last year as payrolls continued to expand in California while filed rates moderated. Overall, the ten largest carrier groups increased their control of the California workers’ comp … 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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Here’s the Surprising CA Market Share Data

California’s workers’ comp market changed dramatically last year. There are some very interesting developments.  At least one national carrier group more than doubled its California workers’ comp premiums; others boosted theirs by 50% or more.  One major carrier has a different strategy and shrank its California writings. Denoting a hardening price but healthy market, there … Read More »

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WCIRB Governing, C&R Committees Get New Blood

The insurance carrier members of the Workers’ Compensation Insurance Rating Bureau are putting a Travelers company back on its Governing Committee and sending Pacific Compensation Insurance Company back for another three-year term. The carrier controlled organization held the elections at its annual confab last week in San Francisco. Travelers Property and Casualty Company of America … Read More »

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New Year, New Workers’ Comp Rates, New Carrier

The calendars now read 2014 and the flood of Jan. 1 renewals is past, but California’s workers’ compensation carriers continue to file new, higher rates for the workers’ comp coverage they offer California employers. But along with the higher rates, a new A-rated player is preparing to enter the market – at least on a … Read More »

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Zenith Insurance Company Files 4.3% Workers’ Comp Rate Hike For 2014

Insurance Commissioner Dave Jones is still considering what to do with pure premium rates for 2014, but Zenith Insurance Company and ZNAT Insurance Company are not waiting for a decision to make their plans for the coming year. The two underwriting companies in the Fairfax Financial Group filed a 4.3% increase in their pure premium … Read More »

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