Samuel Hale, an Employer Carve-out Organization (ECO), will insure its $50 million workers’ compensation risk through an Insurance Captive fronted by A+ rated, Arch Insurance, effective July 1, 2022. “We’ve been working toward this for the last six years,” says Samuel Hale CEO, Michael A. DiManno. “The captive arrangement will enable us to maximize the advantages of our carve-out agreement which drives the economics of our business,” he adds. California has a very high litigation rate on workers’ compensation insurance...