CAR Selects New Chairman and Vice Chairman at its Annual Meeting this week
On Wednesday, November 10th, the Commonwealth Automobile Reinsurers held both its Annual Meeting and the November Meeting of the Governing Commitee. During the Annual Meeting, both a new Chairman and Vice Chairman of the Governing Committee was selected. In a role reversale, former Vice Chairman, Mr. David H. Cochrane of MAPFRE U.S.A. was selected as this year’s Chairman of the Governing Committee, while his predecessor Mr. M. John Olivieri, Jr. of the J.K. Olivieri Insurance Agency, Inc. was chosen to serve as the Vice Chairman of the Committee. Both of the posts are for a one year term. The following is an updated list of the Members of the CAR Governing Committee.
In addition to the selection process, all of the other resolutions presented during the meeting were approved unanimously.
The 2014 members of the CAR Governing Committee
The following is a list of the current members of the CAR Governing Committee as of July 1, 2014:
Governing Committee Members
| Mr. David H. Cochrane – Chairman | MAPFRE U.S.A. Corporation |
| Mr. M. John Olivieri, Jr. – Vice Chairman | J.K. Olivieri Insurance Agency, Inc. |
| Mr. Paolo V. Abelli | Liberty Mutual Group |
| Mr. William J. Cahill, Jr. | The Hanover Insurance Company |
| Mr. Thomas C. DePaulo | Meridian Insurance Agency, LLC |
| Mr. Christopher Dupill | EM Freedman Insurance Agency, Inc. |
| Mr. Sumner D. Gilman | Economy Insurance Agency, Inc. |
| Ms. Paula W. Gold | Plymouth Rock Assurance Corporation |
| Mr. James S. Hyatt | Arbella Insurance Group |
| Mr. Christopher Jarrard | GEICO |
| Mr. Joseph P. Leahy, Jr. | Leahy & Brown Insurance and Realty |
| Ms. Marie Armel Theodat | R. Theodat Insurance Agency, Inc. |
| Mr. John P. Tierney | Quincy Mutual Group |
The November Governing Committee Meeting
At the Governing Committee’s November Meeting, which followed immediately after the Annual Meeting, one of the aisles discussed was the continuation of the Clean-In-Three for another year for a limited number of producers. The approved measure involves the revised rule which states:
- For policies effective April 1, 2015 through March 31, 2016, a Clean-in-Three Risk cannot be nonrenewed by the Member except as provided by Rule 21.D.1. if the producer did not have a voluntary contract or brokerage agreement with any Member as of April 1, 2010 and did not subsequently receive a voluntary contract or brokerage agreement with a Member prior to September 24, 2014.
For more information please visit the CAR website.
Requests For Appointments/Reappointments to all 2015 CAR Advisory Committees
CAR issued a Special Notice today announcing that nominations to the 2015 CAR Advisory Committees are due. Any and all requests for appointment/reappointment to a CAR Advisory Committee for calendar year 2015 must be submitted to CAR no later than Friday, December 5, 2014.
Interested individuals should send in a written request to:
Mr. David H. Cochrane
Governing Committee Chairman
c/o Mr. Daniel R. Judson, President
Commonwealth Automobile Reinsurers
225 Franklin Street, 13 Fl. Boston, MA 02110
If you are not familiar with the CAR Advisory Committees and what they do the following is a quick list of the major Advisory Committees at CAR along with a short description of their purpose. As always, its best to check directly with CAR about which committee might be the best fit for your expertise:
“The Actuarial Committee is responsible for reviewing and making determinations regarding deficit sharing, participation credits, expense allowances, quota share, and various other technical and actuarial subjects.”
“The ARP Certification Committee is responsible for addressing all issues relative to MAIP certification of Assigned Risk Producers.”
“The Budget Committee bears the responsibility of reviewing the annual operating budget as proposed by CAR’s President, and recommends approval to the Governing Committee. Note: Only Governing Committee members may serve on this committee.”
Commercial Automobile Committee
“The Commercial Automobile Committee is responsible for formulating recommendations relative to rates, manuals of classification, rules rating plans, policies, forms, and other such matters associated with ceded commercial business.”
“The Compliance Audit Committee is responsible for overseeing CAR’s Private Passenger and Commercial audit functions including statistical, underwriting, claims, SIU, and taxi compliance. CAR’s external auditor results are reported to this Committee. This Committee reports directly to the Governing Committee.”
Governing Committee Review Panel
“The Governing Committee Review Panel is charged with the responsibility of reviewing the appeals made by Member Companies and licensed producers aggrieved by any alleged unfair, unreasonable, or improper practice of CAR or a Member with respect to the operation of CAR.”
“The Loss Reserving Committee reviews quarterly loss development data for private passenger and commercial ceded business in order to determine the incurred but not reported loss reserves, which are used in the Member Participation Reports.”
“This MAIP Steering Committee is responsible for developing recommendations relative to issues involving the Massachusetts Automobile Insurance Plan.”
“The Market Review Committee considers marketing issues relative to CAR’s Producer/Servicing Carrier assignment and business relationships, particularly those involving Producers.”
“The Operations Committee considers matters related to CAR accounting, statistical, data processing, and procedural operations. The committee also develops procedural and technical guidelines and reviews operational compliance to the Plan, Rules, and Manual of Administrative Procedures.”
“The Personnel Committee is responsible for overseeing matters involving employee compensation, including but not limited to approval of annual salary range movement and merit increase percentages.”
