MEMIC President and CEO Elected 2010 NCCI Board Chair
PORTLAND, Maine, May 11, 2010 – John T. Leonard, president and CEO of the MEMIC Group, has been elected 2010 board chair of the National Council on Compensation Insurance, Inc. (NCCI), the leading ratemaking organization in the workers’ compensation insurance industry.
Leonard has served as a member of the NCCI Board since 2007, serving on both the Finance and Compensation Committees, as well as the Nominating Committee. He was previously an NCCI board member from 1995 to 1997.
"John Leonard has been an invaluable addition to the NCCI board," said NCCI President and CEO Steve Klingel. “Now that he has agreed to take on the role of chairman, we are very pleased that both NCCI and the workers’ compensation industry at-large will continue to benefit from John’s clear vision and proven leadership skills."
Leonard has served as president and CEO of MEMIC since the company’s inception in 1993. During his tenure, MEMIC has a held an A (Excellent) rating from A.M. Best for more than a decade, and the MEMIC Group has grown to be licensed in 45 states plus the District of Columbia. In addition to helping to reduce workers’ compensation rates in Maine by more than 40 percent, MEMIC has returned more than $110 million to its policyholders in the form of dividends and capital return since 1998.
Leonard also serves as chairman of the Board for ACORD, the global standards setting organizations service the insurance industry as well as other industry and civic organizations.
Based in BocaRaton, FL, NCCI manages the nation’s largest database of workers’ compensation insurance information. The organization analyzes industry trends, prepares workers’ compensation rate recommendations, determines the cost of legislative proposals and provides a variety of services and tools, serving the workers’ compensation market. Most states in the U.S. rely on NCCI services to develop workers’ compensation rates.
Specializing in workers' compensation insurance, MEMIC insures nearly 20,000 employers and their estimated 200,000 employees. Based in the Northeast, MEMIC is the leading workers' compensation insurer in Maine through Maine Employers Mutual Insurance Company which is rated A (Excellent) by A.M. Best. The company is the parent of MEMIC Indemnity Company, rated A (Excellent) by A.M. Best, with offices in Manchester, NH; Glastonbury, CT; and Albany, NY. MEMIC Indemnity Company is licensed to write workers' compensation in 45 states plus the District of Columbia.