Fireman's Fund Insurance Company as part of a dividend agreementfor the workers' compensation program of the California PharmacistsAssociation is returning $1.4 million to CPhA members, the companysaid.
|Fireman's Fund said it began providing the CPhA with itsworkers' comp coverage after the group's prior insurer left thestate.
|The dividend agreement was included at the request of CPhA'ssponsored program broker and administrator, Marsh Affinity GroupServices, as a means of offsetting the high rates for coverage.
|"With the financial pressures we faced over the past few yearswith soaring workers' compensation premiums and now with MedicarePart D, it is gratifying to see our association help us get some ofour money back," said Gary Thomas, a CPhA member fromSacramento.
|Fireman's Fund attributed the program's success in part to itsclaims handling, which the company said includes consultation withthe insured, Marsh brokerage, and the CPha's director ofinsurance.
|"Our loss control visits aid in identification and mitigation ofhazards, making a significant impact on the overall success of theprogram," said Gary Bhojwani, president of commercial insurance forFireman's Fund.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
