Liberty Corner, NJ (April 21, 2017) – Everest Insurance® is pleased to announce the election of Everest National Insurance Company to the Governing Committee of the Workers' Compensation Insurance Rating Bureau (WCIRB) of California. The WCIRB is California's trusted, objective provider of actuarially-based information and research, advisory pure premium rates, and educational services integral to a healthy workers' compensation system. The WCIRB Governing Committee is responsible for setting policy and overseeing the management of the affairs of the WCIRB. This election by Everest’s peer members of the WCIRB is for a three year term.
Commenting on the recent election to the WCIRB Governing Committee Mike Mulray, Chief Underwriting Officer of the Everest Insurance® North America insurance companies said “Everest has been committed to workers and employers of the state of California as a leading underwriter of workers compensation insurance in the state for nearly two decades. We appreciate the opportunity to give back by sharing our voice on important topics and issues relevant to the California market. We look forward to working closely with Bill Mudge and his team at the WCIRB as well as with the rest of the committee members.”
The WCIRB membership is comprised of all companies licensed to transact workers' compensation insurance in California, over 400 member companies in total. The Governing Committee is represented by twelve members: seven private insurers; State Compensation Insurance Fund; and four public members - two representing insured employers and two representing organized labor. Except for the State Compensation Insurance Fund, insurer members are elected for three year terms by the membership at the Annual Meeting, while public members are appointed for two-year terms by the Insurance Commissioner.
Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both the U.S. and international markets. Everest Reinsurance (Bermuda), Ltd., including through its branch in the United Kingdom, provides reinsurance and insurance to worldwide property and casualty markets and reinsurance to life insurers. Everest Reinsurance Company (Ireland), Limited provides reinsurance to non-life insurers in Europe. Everest National Insurance Company and Everest Security Insurance Company provide property and casualty insurance to policyholders in the U.S. Everest Indemnity Insurance Company offers excess and surplus lines insurance in the U.S. Everest Insurance® Company of Canada provides property and casualty insurance to policyholders in Canada. The Company also operates within the Lloyd's insurance market through Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the Company manages segregated accounts, capitalized by the Company and third party investors, that provide reinsurance for property catastrophe risks. Everest Insurance® refers to the primary insurance operations of Everest Re Group, Ltd., and its affiliated companies which offer property, casualty and specialty lines insurance on both an admitted and non-admitted basis. Additional information on Everest Re Group companies can be found at the Group’s web
site at www.everestregroup.com.