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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Chubb, Hartford Merger Affects California Workers’ Comp Market

Chubb Limited (NYSE: CB) made an unsolicited bid to acquire The Hartford (NYSE: HIG) in what would be a $23 billion deal. Hartford’s board yesterday unanimously rejected the offer after reviewing it with its financial advisors. The merger would have shaken the the California workers’ compensation insurance market where each company is already a major … Read More »

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Biggest Workers’ Comp Carriers Nationally

Who are the major carriers workers’ comp market? Which groups wrote more business last year? The 2020 figures are in and you can get the results by clicking here. Initial results from the National Association of Insurance Commissioners show the same 25 carrier groups dominating the national workers’ comp market in 2020 as in 2019. … 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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NAIC Top 25 Movers & Shakers

UPDATE: After Workers’ Comp Executive’s deadline the National Association of Insurance Commissioners updated its Top 25 list with new workers’ comp premium totals. The new data includes an additional $1 billion in premium for the AmTrust companies, which moves the group back into the Top 5 at number 4 (see updated chart). An AmTrust official … Read More »

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NAIC Top 25 Report Details Changing Markets

Recent mergers and acquisitions in the workers’ compensation industry have several of the top workers’ comp carriers changing rank in the latest national market share report from the National Association of Insurance Commissioners, (NAIC). Travelers Group (NYSE: TRV) remains the largest writer of workers’ comp in the nation followed by Hartford Fire & Casualty Group … Read More »

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More Scrutiny For Large-Deductible Plans

A working group of the National Association of Insurance Commissioners is reviewing comments and considering changes to a draft plan on how to better regulate the use of large deductible workers’ comp policies. The association last addressed the issue in 2006, and the upcoming report could result in model regulations for the states to follow. … Read More »

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Misclassification Nets $1M From Unpaid Overtime

San Francisco-based First Republic Bank ( NYSE: FRC ) has been ordered to pay $1 million in unpaid wages and overtime.  Federal officials say they found evidence that the company is misclassifying as exempt nearly 400 workers. The U.S. Department of Labor says 392 First Republic workers in California and four other states were affected and … Read More »

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