|
|||||||||
|
Home
> Resume |
||||||||||
| Resume
- WILLIAM D. HAGER
Mr. Hager formed Insurance Metrics Corporation in early 2000. The focus of this Corporation is three-fold: 1. The provision of reinsurance arbitration service,
DEPUTY MAYOR (2004-2005) AND CITY COUNCIL MEMBER Mr. Hager was elected to a two-year term on the Boca Raton City Council, effective April 1, 2002. During his successful first term Council Member Hager focused on the city budget, quality of citizen services, increased educational opportunities and development plans. He was re-elected to a second two-year term without opposition. Councilman Hager was appointed Deputy Mayor effective April 2004 and held this position for one year until 2005. He continues to serve as an elected member of the Boca Raton City Council at the present time. CENETEC,
L.L.C. In early 2000, Mr. Hager co-founded Cenetec along with a group of entrepreneurs serving as its CEO and Chairman of the Board. Cenetec served as a for profit accelerator designed to help pioneering entrepreneurs turn their most innovative Internet and high technology products and services into successful companies. Cenetec enabled a number of early stage companies to effectively transform themselves into revenue producing enterprises. Cenetec currently holds positions in a number of such companies. CO-FOUNDER,
RISK METRICS CORPORATION Co-founded this information company in 1998. Risk Metrics gathers and sells public data to a wide range of customers. Mr. Hager recently sold his shares in Risk Metrics and no longer holds a position in the Company. PRESIDENT
AND CHIEF EXECUTIVE OFFICER, NCCI, INC. Mr. Hager
was appointed President and CEO of NCCI in May 1990. NCCI is the
nation's largest workers compensation and health care informatics
corporation. Headquartered in Boca Raton, Florida, the corporation
provides rate making services, database products, software, publications
and consultation services to state funds, self-insureds, independent
bureaus, agents, regulatory authorities, legislatures and more
than 700 insurance companies. While under Mr. Hager's leadership,
NCCI had annual revenues approaching $150 million, NCCI employed
1,000 people located in 20 offices around the United States and
was and is the licensed statistical and rate advisory organization
in nearly 40 states. During Hager's leadership, NCCI had annual
pricing responsibility for some $16 billion of workers compensation
premium and responsibility to gain regulatory approval of that
pricing. During Hager's
tenure, NCCI doubled revenues (from $70 million to $150 million),
reduced loss cost inadequacy to nearly zero (down from 25% inadequacy),
brought residual markets to an underwriting break-even point (down
from $2 billion in annual underwriting losses) and provided the
intellectual foundation for $1.5 billion in statutory reform.
Concurrently, the organization was right-sized (head count reduced
from 1,500 to 1,000), firepower was substantially increased (technical
and professionals increased from 40% to 85% of the employment
base), and the organization was converted from a rate bureau to
a contemporary, competitive information company. INSURANCE
COMMISSIONER, STATE OF IOWA As Insurance
Commissioner appointed by Governor Terry Branstad in July 1986,
Mr. Hager was responsible for the regulatory oversight of all
insurance companies, agents and brokers authorized to conduct
business in the state of Iowa. He directed departments responsible
for solvency oversight, consumer protection, agency licensing,
and the administration of property and casualty, life and health
insurance industries. In addition, Mr. Hager oversaw state regulation
of the securities industry with Iowa's Supervisor of Securities
reporting directly to him. Mr. Hager
brought contemporary technology to the Insurance Division. He
pushed for aggressive legislation resulting in increased prosecution
of agents and companies. For example, in 1986, $16 million was
recovered from insurers for Iowa consumers. Under his direction,
the division spearheaded an effort to attract new insurance operations
to Iowa. Under this program, 3,000 new insurance jobs were added
in 1988 alone. The program continues to date and is nationally
recognized as a model of a constructive environment for attracting
insurer operations. He was also responsible for implementing an
assertive senior citizens advocacy program to educate the elderly
on insurance purchases. Mr. Hager also strengthened rate oversight
by leading the effort to hire an FCAS within the Department. Under
Hager's leadership the FCAS was paid substantially more than Hager
and even more than the Governor of the State. The most important
and yet least visible regulatory tool for an insurance commissioner
is regulating for solvency. Mr. Hager was recognized for tenacious
solvency regulation. During his term, several preexisting insolvencies
were brought to completion and closed out. Furthermore, a number
of marginal domestic insurers were declared insolvent and liquidated.
Mr. Hager also facilitated a preemptive sale of a $4 billion Iowa
domestic insurance company (Integrated Resources Life Insurance
Co.) when its parent teetered on insolvency. The department worked
with the insurer when a "run on the bank" was imminent
and led a rapid sale of the insurer preempting a probable major
insolvency. Under the terms of the sale all policyholders were
made whole. The department
also recommended and supported state and federal prosecution of
several insurance executives (e.g., American Excel) who committed
financial fraud. Consistent with this record, and the general
standard that the strength of solvency regulation during a commissioner's
term is best reflected in the out years, in the years following
1990, Iowa has not had a relevant insurer insolvency. Specific
expert skills that emanate from this position include: Concurrent with his service as Iowa Insurance Commissioner, Mr. Hager served as a member of the NAIC. The NAIC is an organization of the insurance commissioners of all 50 states and meets regularly in locations throughout the U.S. to consider and evaluate national insurance issues. The NAIC considers all major insurance issues and formulates responsive model insurance laws and regulations, which are then routinely (but optionally) adopted at the individual state level. In addition, the NAIC promulgates and updates the key insurer financial reporting format, namely the NAIC Annual Statement Blank. The organization is based in Kansas City, Missouri and is staffed by well over 100 personnel. NAIC Chairmanships – Chairman of the Midwest Zone. Mr. Hager was elected by his fellow Insurance Commissioners from the Midwest Zone (composed of the Midwest states, constituting about one quarter of all of the states) to provide leadership and representation of the Midwest before the balance of the states. This position included a position on the Executive Committee of the NAIC as well as major responsibilities relating to the assignment of states (and their related examiners) to specific examinations, both triennial and Market Conduct. Specific expert skills in regard to NAIC include: Ongoing Regulatory Involvement. In the years since leaving the regulatory ranks, he has continued to be closely involved with the NAIC and the regulatory community. As President and CEO of NCCI, he was in regular attendance at meetings of the NAIC and continues to currently attend these meetings and to be actively engaged with the regulatory process. PRACTICING
ATTORNEY, HAGER & SCHACHTERLE Following
his time in Washington, D.C., Mr. Hager returned to Des Moines
and opened his own law firm in 1983. The firm specialized in corporate
insurance, regulatory insurance and employee benefit matters.
The firm also provided general legal services. Mr. Hager represented
numerous clients (companies and agents) in regulatory matters
before the Iowa Insurance Department. Representative matters included:
He also lobbied
on behalf of insurers at the state legislature and NAIC level.
Representative clients included the:
GENERAL
COUNSEL AND DIRECTOR OF GOVERNMENT RELATIONS Mr. Hager served as General Counsel and Director of Government Relations for all Academy activities, including advising on admissions, discipline, federal antitrust and general corporate law. He represented the 10,000 member organization before Congress (e.g., Senate Committees on Banking, Commerce, Finance and Labor, and House committees on Education, Labor, Energy, and Ways and Means). He also represented the Academy before federal regulatory agencies, including the:
While at the Academy Mr. Hager was also chief staff support to the following Academy Committees/functions:
Mr. Hager worked with Academy committees that subsequently provided the impetus for the creation of a national actuarial standards board that later became the Actuarial Standards Board (ASB). Specific expert skills in this position include:
ADMINISTRATIVE
ASSISTANT TO REPRESENTATIVE TOM TAUKE
Mr. Hager served as Administrative Assistant in Washington D.C. to Iowa Congressman Tom Tauke (Republican from Dubuque) for one year. His duties included the following:
CHIEF DEPUTY, IOWA INSURANCE DEPARTMENT
DES MOINES, IOWA 1976 TO 1978 Reported directly to Commissioner Herb Anderson. Mr. Hager supervised the following divisions within the Department: Life and Health Division. The Life and Health Division was responsible for oversight of all life and health policy forms approvals as submitted by insurers. Additionally, this division was also responsibly for all related Life/Health rate change proposals. Property Casualty Division. The Property Casualty Division was responsible of oversight of all property casualty policy forms approvals as submitted by insurers. Additionally, this division was responsible for all related property/casualty rate change proposals. Complaints Division. This division was responsible for the processing and oversight of all consumer complaints received by the Insurance Department. In the Department’s resolution of such complaints and where patterns of insurer and agent wrong doing arose, to prosecute the insurers/agents under the Iowa Administrative Procedures Act. Mr. Hager personally led the Administration Prosecution of scores of such cases. Agents Licensing Division. This application was responsible for overseeing all agent-licensing applications. In addition to the above, Mr. Hager supervised initiation of formal administrative actions relating to departmental rules, companies (i.e., mergers, holding company activities and disciplinary activity), and agents (i.e., disciplinary). IOWA
ASSISTANT ATTORNEY GENERAL Assigned to the Department of Insurance, serving as the Department's General Counsel. In that capacity, he:
LEGAL
COUNSEL TO THE REPUBLICANS, IOWA HOUSE OF REPRESENTATIVES
Retained by the Republicans of the Iowa House of Representative as their legal counsel for 1975 Session. In this position, Mr. Hager provided legal counsel on all relevant caucus issues and provided the following staff support:
MATHEMATICS
TEACHER, KALAKAUA INTERMEDIATE SCHOOL
Taught junior high mathematics and Hawaiian history in a school with a significant population of Hawaiian students during academic years 1970-71 and 1971-72.
Florida, by exam 2004;
Member, American Bar Association, and Member of the following Sections:
Bill and his wife, Dr. Beth King, reside in Boca Raton where they are raising their two teenage daughters. Beth is an assistant professor of nursing at Florida Atlantic University; Bill is a highly marginal golfer, he teaches Sunday School at the First Presbyterian Church in Delray Beach, where he also serves as an Elder. Top of Page 2360 NW 45th
Street
|
|||||||||||
|
|
|||||||||||
