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FirstComp Insurance Agency (FIA) returned to YBA Conference this year as an Emerald level sponsor demonstrating their commitment to the California workers’ compensation market.
FIA is the newest operating unit for Omaha-based FirstComp—dedicated solely to handling the company’s California business.
“Having a business unit devoted to California has sharpened our focus,” said Greg Donsbach, President of FIA. “And it has provided a more specialized approach to California claims management, underwriting, sales and pricing. We are better positioned to serve our California agents and insureds than ever before.”
The change was spurred by FirstComp’s rapid growth since entering the California market in May 2006. The Golden State alone accounted for more than half of the company’s $519 million in written premium last year.
“California has grown faster than we ever expected.” Donsbach said. “It’s reshaped our entire company.”
Founded in 1997 by CEO Luke Yeransian, FirstComp’s mission is to better meet the workers’ compensation needs of small- and medium-sized businesses using a distribution network 7,500 independent insurance agencies in 31 states - including 1,500 in California.
FirstComp has grown to more than 575 employees in four regional offices serving nearly 100,000 business customers around the U.S.
Some company highlights include:
* Named most profitable commercial lines insurer by National Underwriter magazine
* Insures one of every 450 workers in the U.S.
* Inc. Magazine Top 500 Fastest Growing Companies four consecutive years
* Top 5 Best Places to Work in Omaha two years in a row
The company’s small-business focus is enhanced by a proprietary, web-based underwriting and quoting system that makes it easy for agents to quote small accounts.