Family Business Center of Hawaii

Equipping, educating and celebrating families in business

Shidler College of Business

FBC Event

FBCH Oahu Chapter Meeting

Topic: Workers’ Compensation Insurance – Serving the needs of Hawaii businesses with Martin J. Welch

 

Presentation Overview:
  • Workers’ Compensation Insurance Explained
  • HEMIC’s role in the market
  • Hawaii’s business economy
  • Summary of WC Claims process and management
  • The importance of Workplace Safety & Risk Management
  • Relevance for family-owned businesses
  • Q & A

 

 

Martin J. WelchMartin J. Welch Bio
Marty is the Chief Executive Officer of Hawaii Employers’ Mutual Insurance Company (HEMIC), the largest writer of Workers’ Compensation insurance in the State of Hawaii. HEMIC operates primarily as a competitive, voluntary market insurer, but also serves as the State of Hawaii’s guaranteed market for workers’ compensation. HEMIC insures nearly 7000 Hawaii businesses, who employ over 75,000 workers. Marty brings over 40 years of workers’ compensation and property & casualty insurance experience to his position.

Prior to joining HEMIC in 2012, Marty served as President and Chief Operating Officer for Employers Holdings, Inc., a multi-state Workers’ Compensation carrier, based in Reno, NV, where he drove the formulation and implementation of on-line quoting, binding and policy issuance capabilities for small market workers’ compensation customers, led the strategic integration and operational synergy of a $200 million acquisition, and played a key role in Employers’ initial public offering strategy. Before that, Marty spent 25 years with the former Wausau Insurance Companies in various underwriting, operational and leadership positions for the national, multi-line insurance organization.

Marty currently serves on the Finance & Investment Committee for the Chamber of Commerce of Hawaii and is Chairman of the Board for the Arthritis Foundation of Hawaii. He serves on the Executive Committee for the American Association of State Compensation Insurance Funds (AASCIF), and also serves on the Governing Boards for the American Property Casualty Insurance Association (APCIA) and the National Council on Compensation Insurance (NCCI). Marty and his wife, Jennifer, reside in Honolulu. They have three grown sons and two granddaughters.

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