UNITED STATES | ||
FORM 8-K | ||
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | ||
Date of Report (Date of earliest event reported): June 23, 2009 | ||
SeaBright Insurance Holdings, Inc. | ||
Delaware | 001-34204 | 56-2393241 |
1501 4th Avenue, Suite 2600 | ||
206-269-8500 | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
Item 8.01. Other Events.
On June 23, 2009, SeaBright Insurance Company (the “Company”), a wholly owned subsidiary of SeaBright Insurance Holdings, Inc., filed with the California Department of Insurance its rates for new and renewal workers’ compensation insurance policies written in the state of California on or after August 1, 2009. The new rates reflect an average increase of 10.6% from prior rates and are in response to increased projected medical costs and recent California Workers’ Compensation Appeals Board decisions. Approximately 40% of the Company’s in-force premiums at March 31, 2009 were written in the state of California.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SEABRIGHT INSURANCE HOLDINGS, INC.
| By: | /s/John G. Pasqualetto |
| John G. Pasqualetto |
| Chairman, President and Chief Executive Officer |
Date: June 25, 2009