Dear Valued Business Partner,
As you now know, PacificComp and Alaska National in California are now CopperPoint. This has allowed us to broaden our offerings and underwriting appetite, while continuing to provide you and our policyholders with the personalized service you have come to expect from our team.
The goal of the integration has been to help simplify your experience and provide you with access to our extended claims network, loss control services and industry experts.
In order to ensure consistency across the enterprise, we are changing our waiver of subrogation rates effective November 1, 2021 in California. Going forward, blanket waiver coverage will be 2% of total manual premium with a minimum premium of $250. For specific waiver coverage, the rate will be 5% of subject premium (job specific payroll/100 x rate for that exposure) with a minimum premium of $100 per waiver.
If you have any specific questions, please do not hesitate to reach out to your underwriter or business distribution representative.
As always, we appreciate your ongoing business and partnership.
Dave Kuhn, CPCU, ARM
Regional President, California and Southwest Region
Executive Vice President, Enterprise Distribution