Accident Fund Insurance Company of America is a workers' compensation

Workers' compensation

Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence...

 insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 company headquartered in Lansing, Michigan

Lansing, Michigan

Lansing is the capital of the U.S. state of Michigan. It is located mostly in Ingham County, although small portions of the city extend into Eaton County. The 2010 Census places the city's population at 114,297, making it the fifth largest city in Michigan...

 licensed to offer their services in 49 states plus the District of Columbia. The company is an operating unit of Accident Fund Holdings, the 10th largest writer of workers compensation insurance in the United States according to A.M. Best.

Accident Fund employs 675. The company is currently led by Michael K. Britt, president.

History

Accident Fund was founded as a state operation in 1912. It was purchased by Blue Cross Blue Shield of Michigan in 1994.

In April 2011 Accident Fund completed redevelopment of the Ottawa Street Power Station

Ottawa Street Power Station

Ottawa Street Power Station is a former municipal electric and steam utility generating station for the Lansing Board of Water and Light in Lansing, Michigan, located on the Grand River in the city's central business district currently being redeveloped as corporate headquarters for the Accident...

, an Art Deco

Art Deco

Art deco , or deco, is an eclectic artistic and design style that began in Paris in the 1920s and flourished internationally throughout the 1930s, into the World War II era. The style influenced all areas of design, including architecture and interior design, industrial design, fashion and...

 landmark on the Grand River

Grand River (Michigan)

The Grand River is the longest river in the U.S. state of Michigan. It runs through the cities of Jackson, Eaton Rapids, Lansing, Grand Rapids, and Grand Haven.-Description:...

 in downtown Lansing, Michigan

Lansing, Michigan

Lansing is the capital of the U.S. state of Michigan. It is located mostly in Ingham County, although small portions of the city extend into Eaton County. The 2010 Census places the city's population at 114,297, making it the fifth largest city in Michigan...

, as its new corporate headquarters.