Our weekly look at the latest hiring news from in and around the Massachusetts insurance industry…
Nathan Rasmussen Promoted to Managing Director of Retirement Services, New England
Marsh & McLennan Agency has promoted Nathan Rasmussen to Managing Director of Retirement Services, New England. Over the last few years Marsh & McLennan Agency has received numerous industry awards acknowledging the team’s expertise and comprehensiveness in retirement services. Marsh & McLennan Agency is excited about the continued growth opportunities, both organically and through acquisitions.
Since joining Marsh & McLennan Agency in 2016 as a Senior Consultant, Nathan has built and developed strong relationships with clients and acted as a mentor to several people on the team.
“Nathan’s professionalism, vast industry knowledge and collaborative approach have made a tremendous impact on the retirement team’s success” said Jerry Alderman, Marsh & McLennan Agency New England, CEO. “We are excited to promote deserving individuals from within our organization, continuing to represent our core values and commitment to our employees.”
Lisa Olson joins the M&T Insurance Agency in Boston as Commercial Insurance, Assistant Vice President
Lisa Olson has joined the M&T Insurance Agency, part of the insurance division of M&T Bank. Ms. Olson, who is based in the Greater Boston Area, will work with commercial businesses in order “to design cost-effective insurance programs and risk management plans” as explained in the company announcement published in the September 5th edition of the BBJ’s People on the Move.
Prior to joining M&T, Ms. Olson spent three years with USI Insurance Services as a Vice President, Commercial Insurance for the New England Region. Ms. Olson’s 25-plus year career in the insurance industry began as New Account Representative for Amica in 1994 and also includes subsequent positions with both The Sadler Insurance Agency and Clark Insurance.
She currently resides in Southern New Hampshire with her husband and five children.
NAIC Accepting Applicants for 2019 Consumer Liaison Representatives
The NAIC is now accepting applications for its 2019 Consumer Liaison Program. Established in 1992, the Consumer Liaison Program promotes consumer representation and interaction with NAIC members by providing funding for representatives of consumer organizations to participate in NAIC meetings.
“The insight we get from consumer representatives is invaluable as we weigh the impact of changes to insurance regulation on the consumers in our states,” said Julie Mix McPeak, NAIC President and Tennessee Commissioner of Commerce and Insurance. “They provide a unique perspective and voice, which is critical as we make decisions at the NAIC.”
According to the NAIC, a consumer organization can be a national, state or local organization that serves to protect the interests of consumers as they relate to the regulation of insurance. The NAIC provides travel expense reimbursement to funded consumer representatives.
“Partnering with consumer representatives ensures that we never lose sight of who we are working for – U.S. consumers,” said Stephen C. Taylor, Commissioner of the District of Columbia Department of Insurance, Securities and Banking. “Working with consumer advocates brings into focus our collective vision for protecting policyholders.” Taylor chairs the NAIC’s Consumer Liaison Committee and the Consumer Participation Board of Trustees.
To qualify, an individual must demonstrate a commitment to representing consumer interests in insurance regulation, be willing to fully participate in NAIC deliberations and have established expertise and experience on insurance-related issues addressed by the NAIC. Funded consumer representatives must also show that outside funding is required in order to carry out the above responsibilities. A candidate must not have obligations or commitments to an industry that conflict with his or her responsibilities to represent consumer interests.
Individuals who do not need NAIC funding may apply to participate in the Consumer Liaison Program as an unfunded consumer representative. The deadline is 5:00 p.m. Central time on Oct. 31, 2018. Applicants will be selected in December and notified in early 2019.
More information regarding the NAIC’s Consumer Liaison Program and the application process is available online.
Cape Cod Insurance Agents Association (CCIA) Launches 2018 Driver’s Education Raffle
The Cape Cod Insurance Agents Association has announced its sponsorship of a new Driver’s Education Reimbursement Raffle for students residing on Cape Cod. To enter, eligible students need to take a picture of themselves wearing the bracelet that the CCIA has provided to schools with the message, “Stay Alive Don’t Text and Drive”.
Once they have the picture they should text it to email@example.com, an email address created specifically for the raffle. Raffle winners will be announced in December.
The following is a complete list of the Raffle Rules:
- Applicant must submit full name and telephone number along with pic wearing “Stay Alive! Don’t Text & Drive” wrist band, via email to firstname.lastname@example.org.
- Drawing to take place 12/14/2018.
- Applicants must be enrolled as students in high school within Barnstable, Dukes or Nantucket Counties.
- Applicants must complete driver’s education with a Massachusetts accredited Driver’s Education Facility within 6 months (before or after) the drawing date.
- Must provide proof of completion and payment of class.
- Raffle will pay reimbursement to the payer of the class of up to $750.00
- Children & Grandchildren of Cape Cod Insurance Agent’s Association board of directors’ members and officers are not eligible.
- Winner will be notified on or about 12/14/2018 and will have until 7/15/2019 to claim the prize.
There is no purchase necessary to win. For those interested in learning more, please visit the CCIA website at https://www.capeagents.com/.