Accident Fund Holdings, Inc. Names Carney Chief Underwriting Officer

LANSING, Mich., June 11, 2012 /PRNewswire/ -- Accident Fund Holdings, Inc. announces the appointment of William G. Carney, CPCU, ALCM as chief underwriting officer.

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Carney recently joined Accident Fund Holdings' executive team and is responsible for overseeing the underwriting efforts of the holding company's four operating units – Accident Fund Insurance Company of America, CompWest, Third Coast Underwriters and United Heartland – by managing the company's predictive modeling function, coordinating market and economic analysis, and leading the company's product and market development strategy. 

"Bill brings not only extensive underwriting experience and expertise, but also a leadership style that makes him a great fit for this role," Liz Haar, president and CEO of Accident Fund Holdings, said.  "I am excited to have him join our team and am confident he will help us continue our efforts to achieve and maintain underwriting excellence."

Carney has 33 years of experience in the workers' compensation insurance industry in a variety of capacities.  He most recently served as vice president of Underwriting, Product Development and Management for PMA Insurance Group.  Other insurance companies Carney worked for include Aetna Life & Casualty, Penn National Insurance, GE Insurance Solutions, ACE USA, as well as for the Department of Labor and Industry in the state of Pennsylvania.

Carney graduated from the University of Maine with a Bachelor of Science in public management and holds the designations of Chartered Property Casualty Underwriter (CPCU) and Associate in Loss Control Management (ALCM).

Accident Fund Holdings, Inc.
Accident Fund Holdings, Inc. is a workers compensation insurance holding company conducting business through four operating units: Accident Fund Companies, located in Lansing, Michigan; United Heartland, located in New Berlin, Wisconsin; CompWest, located in San Francisco, California; and Third Coast Underwriters, located in Chicago, Illinois. Its insurance company subsidiaries are rated "A-" (Excellent) by A.M. Best.  Accident Fund Holdings is a wholly-owned subsidiary of Blue Cross Blue Shield of Michigan.  For more information, visit Accident Fund Holdings' website at www.afhi.com.

SOURCE Accident Fund Holdings, Inc.