The State Compensation Insurance Fund, a government-controlled insurer which is the largest workers’ compensation insurance company in California, has announced that one of its efforts to cut expenses and streamline its operations will be to lay off approximately one quarter of its total 6,800 employees. Chief executive of State Compensation Insurance Fund, Tom Rowe, said that as many as 1,800 civic service workers will be eliminated by the end of June 2012, as the company has been determined to be overstaffed by about 30 percent. This is the first time…
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Accident Insurance Co. seeks 100 new agents over 100 day period
Accident Insurance Co. (AIC), based in South Carolina, has announced that it is currently seeking up to 100 new independent agents within a span of 100 days. Starting on July 12 and running until October 12, the insurer will be seeking to add a sizeable number to its independent agents within eleven states that are among the eighteen in which it currently writes. The states in which AIC is seeking new partner agencies are: Mississippi, Kentucky, Alabama, Indiana, Oklahoma, Arizona, Illinois, Georgia, Arkansas, Virginia and Indiana. Chief marketing officer Jon…
Read MoreBasic highlights on top four insurance companies to help consumers
Throughout the financial crisis over the last few years, a number of insurance companies faced a significant struggle, leaving people to wonder about the top insurers after having seen the global giant American International Group (AIG) fall apart. In order to help consumers to better understand the current the insurance marketplace, experts have compiled some notes about the top four leading companies. Progressive is among the biggest American auto insurance companies. It provides standard vehicle insurance as well as products for specialty vehicles such as ATVs, mobile homes, motorcycles, boats…
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