Today’s issue of WorkCompRecap features the announcement from Harford Mutual Insurance Group that it has received final approval from the Maryland Insurance Administration of its merger agreement with ClearPath Mutual Insurance Company.
ClearPath Mutual, formerly KESA of Kentucky for over 40 years, was formed in 2018 and is currently a monoline workers’ comp carrier, with over $52 million in direct written premium across nearly 7,000 policies. Under the terms of the agreement, ClearPath Mutual merged into Harford Mutual Insurance Group and converted to a stock insurer. Post-merger it will be renamed Clearpath Insurance Company marketed as “Clearpath Specialty”. Current President & CEO, Jeff Borkowski, will become a vice president of Harford Mutual and remain President of Clearpath Specialty with Steve Linkous becoming CEO. The merger is effective August 4, 2023.