AARIS and ACCA are headquartered in San Francisco, and ACCA maintains a branch claims office in San Diego.
AARIS and ACCA provide workers compensation insurance solutions for a wide range of companies of various sizes and in diverse industries in California.
/ Everest program had written premiums exceeding $600 million when they agreed to part company effective October 1, 2004.
The Company had been aware that AARIS had been considering other insurer affiliations and developed contingency plans for writing California workers' compensation business.
The Company noted that the AARIS relationship accounted for approximately 12% of its full year gross written premiums in 2003 and that this percentage was expected to decline as the Company has been confronted with additional competition and market rate decreases in 2004.
The Company believes it is fairly well known that AARIS
has been considering other company affiliations.