California Business and commercial insurance trends as I see the California Insurance Market evolve from the perspective of a independent California commercial insurance broker. Industries I have clients in include non-profits, manufacturing, commercial property owners, technology and software to name a few. I'll be discussing the trends in California Workers Compensation, Property Insurance, E&O, Errors and omissions, Directors and officers, D&O, EPLI, and other coverages
The breaking news for California business owners this morning is Zenith National Insurance Corp. was acquired by Fairfax Financial Holding Limited. The key note for California business owners insured with Zenith would be, "How will this acquisition affect my workers compensation insurance premiums?". Let's start by looking at how Fairfax valued Zenith, one of the leaders in the California workers compensation insurance market. Fairfax paid a 31.4% premium to acquire Zenith, this means that Fairfax paid a huge premium to acquire Zenith.
Looking at this acquisition form the outside and as a commercial insurance broker I would say that policy holders are very safe to assume that Zenith will continue on the path of provide excellent pricing for California workers compensation for the class codes that fall within their appetite. I would see this more as a validation for The Zenith, that they are out performing many in the market and the future looks extremely strong or both the company and their clients.
If you would like us to provide you with a no obligation workers compensation insurance review for your California workers compensation policy we would be glad to help. You can contact us with our online workers compensation quote form for an immediate response.
