Third Coast Underwriters to Offer Workers Compensation Insurance to Underserved Markets

Jun 03, 2010, 08:52 ET from Accident Fund Holdings, Inc.

CHICAGO, June 3 /PRNewswire/ -- Accident Fund Holdings, Inc. is announcing the creation of Third Coast Underwriters – a new specialty markets operation that will offer workers compensation insurance for underserved markets that have complex risks.

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Third Coast Underwriters will offer policies written on the paper of one of the Accident Fund Holdings, Inc. workers compensation insurance companies, with a $150,000 minimum premium for specialty markets such as construction, emerging markets (i.e. clean energy and green jobs), non-trucking transportation (i.e. garbage haulers and bus drivers) and mergers and acquisitions.

Marguerite Dixen is the president of Third Coast Underwriters, which is based in Chicago, IL.  The company is appointing agents located in Illinois and Missouri with plans to grow regionally and nationally.

"We are very fortunate to have someone with Marguerite's experience and knowledge of the workers compensation marketplace heading up Third Coast Underwriters," Liz Haar, president and CEO of Accident Fund Holdings, Inc., said.  "With over 25 years in the property-casualty industry, she has tremendous experience in creating and growing product lines for a number of insurance companies."

Before starting Third Coast Underwriters, Dixen was senior vice president for the construction division at SeaBright Insurance Company in Chicago.  Dixen is a graduate of the University of Wisconsin-Madison and a Chartered Property and Casualty Underwriter, as well as an Associate in Risk Management.

Third Coast Underwriters is backed by Accident Fund Holdings, Inc., which is collectively, through its wholly owned workers compensation insurance subsidiaries, the nation's 9th largest workers compensation insurer.  For more information about Accident Fund Holdings, visit www.afhi.com.  

For more information about Third Coast Underwriters, visit www.3CU.com.

Accident Fund Holdings, Inc.

Accident Fund Holdings, Inc., located in Lansing, Michigan, is the ninth largest workers compensation insurer and the largest non-governmental specialty writer of workers compensation insurance in the United States. Rated "A" (Excellent) by A.M. Best, it conducts 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. Accident Fund Holdings is a wholly-owned subsidiary of Blue Cross Blue Shield of Michigan.

SOURCE Accident Fund Holdings, Inc.



RELATED LINKS

http://www.3CU.com