Company Briefs Harford Mutual Insurance Group Appoints Two New Board Members Bel Air, Md. – Harford Mutual Insurance Group announces Jillian Froment and Teresa McTague have been appointed to its Board of Directors. Jillian Froment is a seasoned insurance regulator with extensive experience in both the private and public sectors, including the last 10 years at the Ohio Department of Insurance, where she served as Deputy Director and Director until September 2020. She will serve on the Board’s Audit and Governance Committees. Froment currently serves as an Advisory Board Member for Monitaur, a developer of machine learning assurance technology. In addition, she served as a committee member for the National Association of Insurance Commissioners (NAIC). She received her Juris Doctorate from Capital University Law School and Bachelor of Science degree from The Ohio State University. She received the 2020 Ohio Insurance Agents Citation Award and the 2019 Diverse and Inclusive Workplace Award. Froment has also been named an American Fraternal Alliance 2017 Outstanding Policymaker and spotlighted on the list of Columbus Business First 2017 Insurance Industry People to Know. Teresa McTague is a senior executive with over 30 years of experience in investments, capital markets, finance, portfolio management, and asset and risk management. She is currently a Senior Managing Director for Aflac Global Investments, also serving as the U.S. Chief Investment Officer; Head of Asset Management Risk; Global Head of Direct Lending, Real Estate and Infrastructure Debt; and Global Head of ESG Investment Strategies. McTague previously served as the Senior Portfolio Manager/ Client Strategist at General Re - New England Asset Management. Teresa was also a member of the General Reinsurance Risk Committee. She will serve on the Board’s Compensation and Investment Committees. McTague received a bachelor’s degree in economics from the University of California at Berkeley and a Master of Business Administration from The Wharton School at the University of Pennsylvania. The Tennessee Insuror
Progressive Board Receives National Award NACD is proud to announce Progressive has been awarded the 2021 NACD Diversity, Equity & Inclusion (DE&I) award, formerly NACD NXT®. In collaboration with Deloitte, the NACD DE&I Awards highlight forward-thinking boards that leverage the power of diversity, equity, and inclusion to enhance their governance and create long-term value for their organizations and stakeholders. What made Progressive stand out? "Their DE&I program includes four primary objectives: maintaining a fair and inclusive work environment; employees reflecting its customers; leadership reflecting the company’s employees; and contributing to the communities in which the company operates. Additionally, this past year, the company committed to doubling representation of people of color in senior leadership positions by 2025. In 2020, 56 percent of leadership promotions were awarded to women and 25 percent of such promotions to people of color. The company is one of few in the Fortune 500 to have both a woman CEO and a woman independent chair. The board has achieved gender parity and 17 percent of the board is ethnically diverse. The company’s annual “Inclusion Week” supports employees in building their inclusive skill sets and implementing them in a business context."
Stonetrust Goes Live With Insurity's Workers' Comp Suite Effective January 1, 2022, Stonetrust Commercial Insurance Company has fully implemented Insurity Workers’ Comp Suite, eliminating the use of multiple operating systems to reduce response time and immediately improve operational efficiency by up to 10%. The implementation included the conversion of Stonetrust’s historical data. With Workers’ Comp Suite, Stonetrust can enable straight-through processing to agency partners, integrate data analytics, and provide agents and policyholders with improved data access. Examples include custom reports and tools which enable carriers to better assess emerging risks and trends and allow carriers to identify and resolve problems quickly. Customers have access to their data through the Workers’ Comp Suite portal, saving them time by reducing the need for telephone and email inquiries to obtain the information they would have otherwise needed to contact the carrier to gather. Stonetrust provides coverage for businesses in Arkansas, Louisiana, Mississippi, Missouri, Nebraska, Oklahoma, Tennessee and Texas. Effective January 1, 2022 Stonetrust has expand into Alabama and Kansas and launched its preferred tier company, Stonetrust Premier Casualty Insurance Company. 41
