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 Employers Direct Announces a Clean Bill of Health from the California Department of Insurance The California Department of Insurance Released Two Reports Finding the Financial Condition, Business Practices, Operating Procedures and Claims Handling of Employers Direct in Excellent Condition AGOURA HILLS – May 5, 2005 – Employers Direct Insurance Company today announced the results from their first regularly scheduled financial examination and field claims examination from the California Department of Insurance (CDI). According to the CDI, the financial condition, business practices, operating procedures, and claims handling of Employers Direct are in excellent condition. The results from the first regulatory scheduled financial examination came back with "no exceptions," and the results from the field claims report came back with "no criticisms of insurer practices." "This is an extraordinary accomplishment for any insurance carrier, but almost unheard of for a first examination of a new carrier. These clean bills of health findings from the California Department of Insurance are a reflection of the excellence of our business systems, quality of our management team, and dependability of our claims handling," stated James E. Little, Chairman/President and CEO of Employers Direct Insurance Company, “We are committed to serving California employers with ethical and dependable insurance services backed by rock solid financial strength.” About EMPLOYERS DIRECT INSURANCE COMPANY Employers Direct Insurance Company is California's only investor-owned direct writer of workers' compensation insurance - with no agent or broker affiliation. Founded in 2003, Employers Direct has been widely accepted by business owners throughout California as a result of providing highly competitive rates, claims services designed to fight fraud and abuse, and loss prevention services that assist employers to create safe work environments. Employers Direct is proud that a growing number of California's best-run privately-held companies count themselves as policyholders. Niche industries include hotels, restaurants, country clubs, new car dealers, manufacturing companies, specialty supermarket chains, and retailers. Visit Employers Direct online at www.employersdirect.com Contact: Employers Direct Insurance Company Stephanie Hlad 818-575-8545 (Day) shlad@employersdirect.com |
