EDIC previously announced that they are discontinuing direct sales and plan on distributing their workers’ compensation policies via independent agents and brokers in the future
Employers Direct Insurance Company (EDIC) has signed an agreement to sell the renewal rights of its direct placed workers’ compensation insurance policies to GNW-Evergreen Insurance Services.
GNW-Evergreen is a California-based independent insurance brokerage. EDIC has previously announced that they are discontinuing direct sales and plan on distributing their workers’ compensation policies via independent agents and brokers in the future.
The company will appoint GNW-Evergreen as a producer in Arizona, California, and Nevada following the close of the sale.
James Little, president and CEO of EDIC, said: “As part of our overall strategy to redesign our core workers’ compensation business, finding a broker partner with the same high commitment to service and cutting-edge risk management programs for our policyholders was of paramount importance. Our partnership with GNW-Evergreen is a critical first step in implementing our distribution plans throughout the Western United States through independent agents and brokers.”
Andrew Forchelli, partner and chief operating officer of GNW-Evergreen, said: “We are very pleased to work with EDIC. Their commitment to policyholder service is in direct alignment with our core values.”