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Worker's Comp Executive
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Author Topic: Employers Direct Stops Writing in California  (Read 2400 times)
 
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auditor1
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« on: June 30, 2009, 05:15:36 PM »

Our friends at The Workers' Comp Executive have just announced:
Quote
...Employers Direct Insurance Company (EDIC) minutes ago announced its exit from the California market. The carrier will continue writing business in Arizona and Nevada and some of the other states in which it is licensed.  As a result of and following the announcement of its strategy, AM Best downgraded the carrier from A- excellent to B++ Good.  
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The Workers' Comp Executive's Flash Report
for their coverage of the story.

According to the You must login to view links.
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Sacramento Business Journal
:
Quote
[EDIC]...will stop writing new and renewed policies in California as of Aug. 1. It also plans to slash its staff by about 18 percent.


...and the games begin.
« Last Edit: June 30, 2009, 05:23:01 PM by auditor1, Reason: added link » Logged
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