The two California workers' compensation firms being acquired, American All-Risk Insurance Services (AARIS) and American Commercial Claim Administrators (ACCA), provide underwriting, operational, and claims-management services for California workers' comp insurers through a network of agents. This network will become a part of Berkshire subsidiary Columbia Insurance Co. The transaction is expected to close in July.
AARIS and ACCA are wholly-owned subsidiaries of Acacia Pacific Holdings. Lou Rovens, the founder and principal owner of the businesses, will continue to operate Acacia and its related non-workers compensation insurance activities, Berkshire explained.