Tom Phelan Speaks at White House Briefing on TRIA
President and CEO Tom Phelan recently attended a White House briefing and expressed the need for congressional reauthorization of the Terrorism Risk Insurance Act (TRIA) and its importance to the stability of the economy and the workers' compensation insurance industry.
In addition to representing Chesapeake Employers, Tom also represented members of the American Association of State Compensation Insurance Funds (AASCIF), of which he is President.
In his comments at the briefing, Tom said that a federal government backstop, in the case of a terrorist attack, was essential to the country's workers, businesses and job growth.
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Contact Chesapeake Employers' Agency Team:
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Dear Agent Partner, 
Welcome to the winter issue of Producer Line.
As the new leader of the Marketing and Business Development department of Chesapeake Employers' Insurance Company, I am spending a lot of time on the road visiting our agency partners and getting better acquainted with principals, agents, brokers and CSRs.
These visits allow me to learn what's important to you. For instance, many agents I have visited tell me they are very excited about Chesapeake Employers earning an A.M. Best financial strength rating of A- (Excellent).
I look forward to continuing to work with you and to strengthen Chesapeake Employers' agency distribution channel.
Please feel free to contact me or your Territorial Account Executive with any ideas, issues or concerns. On behalf of Chesapeake Employers, I thank you for your business and continued support.
Best regards,
Sharon Rowell
Assistant Vice President
Marketing & Business Development |
Chesapeake Employers Earns A- (Excellent) Rating from A.M. Best  A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of "a-" to Chesapeake Employers' Insurance Company as of November 26, 2013. The outlook assigned by A.M. Best to both ratings is stable.
"This is a tremendous accomplishment and reflects our efforts during the past decade to build our financial strength and deepen our management capabilities," said Tom Phelan, Chesapeake Employers' President and CEO. "Earning a coveted rating from A.M. Best so soon after our conversion is an affirmation that our strategy has been soundly executed."
Chesapeake Employers, which transitioned from an independent state agency to a non-stock, not for profit, private insurance company this past October, has a 23% share of the workers' compensation market in Maryland, based upon 2012 net premiums written. The company has assets of more than $1.8 billion. |
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Celebrating 100 Years in Business
 This year, Chesapeake Employers' Insurance Company celebrates its 100th anniversary and joins the elite group of companies known as centenarians.
The company opened its doors for business on April 16, 1914. In our first year, we insured 842 businesses. Today, we insure more than 20,000 Maryland businesses.
For 100 years, the company's mission has reflected and supported protecting workers and their employers and creating safer workplaces. Chesapeake Employers remains true to its mission and remains committed to Maryland business owners and their employees. |
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Base Rates Remain Flat in 2014
Overall, Chesapeake Employers will experience a zero percent increase in base rates in 2014. On an individual class level, 283 of the 581 base rates experienced a decrease for 2014. Several classes of business received rate cuts between 10 and 20 percent.
Please refer to Producer Bulletin UW 13 02, dated December 3, 2013, for information concerning:
*Rate changes;
*Class code changes;
*2014 experience rating plan revision;
*Payroll limitation revision.
The bulletin is available on the agent section of www.ceiwc.com. |
Safety Training Topics Expand 
Chesapeake Employers continues to make workplace safety accessible, relevant and bilingual in an effort to better serve the diverse needs of policyholders.
In January, Chesapeake Employers launched its second annual safety email initiative, expanded to target occupational hazards of the following at-risk industries:
*General construction
*Landscaping & arborists
*Refuse services
These monthly and bimonthly emails provide recipients, over 1,000 policyholders, with relevant safety information, bilingual and interactive resources, and links to Chesapeake Employers' corresponding safety training guides on the company's online Safety University.
If you have clients who are insured by Chesapeake Employers and could benefit from this information, please send an email to SafetyEmails@CEIWC.com with your clients' policy numbers and email addresses. Agents will also receive a copy of all safety emails by request. |
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