|By PR Newswire||
|December 18, 2013 01:50 PM EST||
LANSING, Mich., Dec. 18, 2013 /PRNewswire/ -- CompWest Insurance Company, part of the Accident Fund Holdings family, is pleased to announce a partnership with Align General Insurance Agency to write workers' compensation insurance for high-quality risks with a debit experience modification, effective January 1, 2014. This new program is designed to provide customers and retail agents with a service-oriented, long-term and stable market for high-quality businesses whose recent loss activity has materially increased their experience modification.
"We're excited about this new program as it further demonstrates CompWest's commitment to the California workers' compensation market and our desire to grow," said Gene Simpson, vice president of Underwriting and Marketing for CompWest. "While we've always been open to writing debit mod business, we believe this partnership with Align General Insurance Agency will increase our success by leveraging their leadership experience in this segment, as well as their track record of growing successful programs. Additionally, we believe CompWest's comprehensive claims and loss control service model will help these customers improve their loss results, reduce their experience modification, and ultimately lower their overall workers' compensation costs."
The program targets California operations with annual premiums between $75,000 and $500,000, with an experience modification of 1.25 or higher, in a variety of classifications including: auto repair, hospitality, manufacturing, retail, service, wholesale and wineries. More detailed information about this program can be found at AlignGeneral.com.
CompWest's focus on sound underwriting, specialized loss control and integrated claim management services, combined with Align General Insurance's significant experience in building profitable specialty insurance programs with a select group of quality carrier partners, brings tangible value to policyholders to minimize injuries and reduce long-term insurance costs.
About Accident Fund Holdings
Accident Fund Holdings, Inc. (Lansing, Mich.) and its subsidiaries are one of the largest workers' compensation insurers and the largest non-governmental specialty writer of workers' compensation insurance in the United States. Accident Fund Holdings conducts business through its four brands: Accident Fund, United Heartland, CompWest and Third Coast Underwriters. Accident Fund Holdings' insurance company subsidiaries are rated "A-" (Excellent) by A.M. Best. Accident Fund Holdings is a wholly-owned subsidiary of Blue Cross Blue Shield of Michigan.
SOURCE Accident Fund Holdings, Inc.