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’s Top 25 Workers’ Comp Carriers

Initial results from the National Association of Insurance Commissioners show that the Travelers Group (NYSE: TRV) and Hartford Fire & Casualty Group (NYSE: HIG) remained the most prominent players in the workers’ comp market nationwide. Still, the 2019 totals show significant movement among other carriers in the top 10 (see chart). Overall, however, the list … Read More »

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BIG DECISION: Travelers Loses Unfiled Side Agreements Case

“The big takeaway from this is that under Insurance Code section 11737, the Commissioner has the authority to review pretty much anything that affects what the insured pays for insurance,” says attorney Ryan Salsig with the firm Roxborough, Pomerance, Nye & Adreani. The California Insurance Commissioner’s authority to require carriers to file key policy documents … Read More »

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NAIC’s Top 25 Workers’ Comp Carriers Steady In 2018

The Travelers Group (NYSE: TRV) and Hartford Fire & Casualty Group (NYSE: HIG) are still the largest writers of workers’ comp insurance in the nation, according to a first peek of the National Association of Insurance Commissioners annual market share report. Behind these two groups, however, there was significant jockeying for position among the other … Read More »

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Travelers’ Unfiled Side Agreements Voided

Insurance Commissioner Dave Jones issued two major decisions – both precedential – in disputes between large deductible policyholders and Travelers (NYSE: TRV).  Like in Applied Underwriters’ case, the decisions void the unfiled side agreements the carrier used. The agreements defined how premiums were calculated, introduced a collateral requirement, mandated binding arbitration of disputes and altered … Read More »

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