LUBA Employees’ Comp Buys Florida-Primarily based FHM Insurance coverage| Employees Compensation Information

Friday, January 8, 2021 | 237 | 0 | 27 min read

LUBA Workers’ Comp has acquired Florida-based FHM Insurance Co. and expanded its reach to 13 states in the south.

David Bondy
(LUBA photo)

Baton Rouge’s attorney reported Wednesday that LUBA, which was founded as the Louisiana United Business Association in 1991, acquired FHM for an undisclosed amount.

“This alignment will allow us to offer competitive options across a combined geographic presence,” said David Bondy, Founder and CEO of LUBA.

LUBA was launched as a group self-insurance fund and, according to its website, became a property and casualty insurance company in 2006. Since then, it has expanded to Mississippi, Arkansas, Texas, Alabama, Oklahoma, and Tennessee. The airline has more than 4,000 policyholders, covers 157,000 employees, and has $ 80 million in direct premiums.

FHM, based in Jacksonville, was founded in 1954 and calls itself one of the oldest comp insurers in the Southeast.