Companion Property & Casualty Insurance Group announced that the National Council on Compensation Insurance (NCCI) has awarded the company one of the servicing carrier contracts for the Arkansas Workers’ Compensation Insurance Plan.
Companion, which is headquartered in Columbia, S.C., said it expects to process $18 million to $21 million in premiums in Arkansas during the contract’s three-year term expiring at the end of 2006. The contract gives Companion 20 percent of the total assigned risk plan.
As a servicing carrier for the Arkansas assigned risk plan, Companion expects to provide services such as underwriting, policy administration, claims administration, claims processing, premium audit, loss control, billing and collections.
Was this article valuable?
Here are more articles you may enjoy.
Poorer Americans Dropped Federal Flood Insurance When Rates Rose 
LA Fires Push Insurers’ 2025 Disaster Losses to $107 Billion 
Zillow Deleting Climate Risk Scores Reveals Limits of Flood, Fire Data 
Standard Chartered Settles $2 Billion Iranian Sanction Suit in London 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.