Accident Fund Insurance Co. of America announced Monday that it entered into an agreement to purchase CWI Holdings, the parent company of San Francisco-based CompWest Insurance Co. Terms of the transaction were not disclosed.
Accident Fund described CompWest, founded in 2004, as one of California's fastest growing workers' compensation providers. According to Department of Insurance records, CompWest wrote $100 million in premium in 2006, up from $39.7 million in 2005.
CompWest entered the California market in the same year that the Legislature approved the second of two reform bills th...
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