Applied Underwriters Adopts Proposed Calif. Rate Reduction for Workers’ Comp

Applied Underwriters, a provider in integrated workers’ compensation solutions, adopted the January rate reduction recommended by the California Workers Compensation Insurance Rating Bureau. After a strong 2004, Applied Underwriters is reportedly seeking to increase the number of small-to-medium sized businesses it underwrites in 2005.

“Applied Underwriters has adopted the January pure premium rate reduction recommended by the CA Workers Compensation Insurance Rating Bureau, and remains strong, profitable and in a position to actively write coverage at competitive pricing,” said Carl DeBarbrie, senior vice-president for Applied Underwriters.

The June, 2004 formation of their own Health Care Organization (“HCO”) and a pro-active approach to claims management have helped Applied Underwriters to provide competitive rates, while reportedly maintaining among the highest customer retention in the industry.

Applied Underwriters (www.applieduw.com), which provides workers’ compensation insurance for many California small businesses, is looking to work with blue-collar companies who have a payroll between $100,000 and $5 million.