The Michigan insurance market continues to heat up in Workers’ Compensation. At Frankenmuth Insurance, we recognize the significant value of workers’ compensation business in your portfolio and ours. With that, effective Feb. 1, 2019, we have reduced rates an average of 20% on most of our classes depending on past performance and anticipated opportunity.
From a new business perspective, we feel that these changes will restore our competitive position and allow you to place more new workers’ compensation business with us as part of an overall submission or on a mono-line basis.
We hope that you will give us an opportunity to quote your new workers’ compensation business. We’re excited about the competitive position that these rates will put us in! If you have any questions, please contact your Commercial Lines field manager or underwriter.
Thank you for your continued partnership with Frankenmuth Insurance!
