CompWest Insurance Company Partners with Phoenix Risk Management to Write California Health Care Workers' Compensation Program
SANTA ANA, Calif., April 26, 2013 /PRNewswire/ -- In an economy where jobs in general seem to be increasingly difficult to find, positions in the health care field continue to grow and are projected to increase significantly over the next decade. According to a 2012 report published by Georgetown University's Center on Education and Workforce, there will be 5.6 million new health care jobs created by 2020. Fortunately for the workers' compensation industry, the health care field remains one of the few reliable drivers of nationwide job growth.
The steady rise in employment in the health care industry over the last six years, as jobs in most other fields disappeared, has created an opportunity for expansion for Accident Fund Holdings, Inc. in the health care area of the California workers' compensation market.
CompWest Insurance Company, part of the Accident Fund Holdings family, recently partnered with Phoenix Risk Management Insurance Services to write workers' compensation insurance for specific classes in the health care industry. This program targets California operations with an annual premium between $75,000 and $500,000 in a variety of classifications including: residential care for children; nursing homes, convalescent homes or hospitals and rest homes; physicians' offices; residential care for elderly or adults; and residential care for the developmentally disabled. More detailed information about this program can be found at http://www.phoenixrmis.com/.
CompWest's focus on sound underwriting, specialized loss control and integrated claim management services combined with Phoenix Risk Management's significant experience in this particular segment brings tangible value to policyholders to minimize injuries and reduce long-term insurance costs. Additionally, this partnership brings deep focus and expertise to the California workers' compensation market, providing customers and retail agents a service-oriented, long-term, stable market for the growing health care industry.
Accident Fund Holdings, Inc.
Accident Fund Holdings, Inc. is a workers' compensation insurance holding company conducting business through four operating units: Accident Fund Companies, located in Lansing, Michigan; United Heartland, located in New Berlin, Wisconsin; CompWest, located in San Francisco, California; and Third Coast Underwriters, located in Chicago, Illinois. Its 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. For more information, visit Accident Fund Holdings' website at www.afhi.com.
SOURCE Accident Fund Holdings, Inc.