Employers Holdings’ Rate & Staff Cuts Equal Improving Results

Employers Holdings, Inc. (NYSE: EIG) officials say a two-pronged rate cut this year and a recovering California economy is bringing in more new business.  It says it is holding on to most of its renewals. Overall, Employers’ CEO Katherine Antonello says that new business is up 80% over last year when the state was in … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

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 »

This content is only available to premium subscribers. Please login here log in

Read More »

Employers Holdings Reduces Staff

Employers Holding Inc. (NYSE: EIG) officials revealed that the carrier underwent a companywide reduction in force to lower its expense ratio during the first quarter of the year. New CEO Katherine Antonello announced the cuts as part of the company’s earnings call with analysts – Antonello’s first as head of the carrier group. “We underwent … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

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 »

This content is only available to premium subscribers. Please login here log in

Read More »

Coronavirus Presumption Could Cost California Employers $2.2B To $33.6B

Creating a conclusive presumption that any essential employee that contracts coronavirus did so in the course of their employment could cost the California workers’ comp system up to $33.6 billion, according to an early estimate by the Workers’ Compensation Insurance Rating Bureau. Any estimates at this point could be highly politicalized and must be reviewed … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Employers Holdings’ Premium Drops

The former Nevada State Fund admits it is feeling the impact of an average 8% rate hike on its California workers’ comp book, but maintains that the timing was right to head off deterioration in its loss ratio. The July 1 rate hike has Employers Holdings (NYSE: EIG) California writings down nearly $12 million from … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Employers Increases Bay Area, LA Rates

Employers Holdings (NYSE: EIG) says its three insurance companies have raised prices in the San Francisco Bay Area, and particularly in the Los Angeles market. The increase became effective July 1st in the form of higher territorial modifiers.  The former state fund for Nevada says it is already feeling the impact. “We’re three weeks into … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »

Employers’ Reduces SoCal Exposure

Employers Holdings Inc. (NYSE: EIG) announced second quarter results that included a 36% drop in net income to $29.2 million as its net written premiums declined 1.3% to $188.3 million. The decline in written premiums was not unexpected and was driven by the carrier’s efforts to reduce its exposure to the troubled Southern California workers’ … Read More »

This content is only available to premium subscribers. Please login here log in

Read More »