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Blue Cross Blue Shield of Michigan Board of Directors Names Elizabeth R. Haar (Wiesner) to Role as President and CEO of Accident Fund Subsidiary.

LANSING, Mich., June 3 /PRNewswire/ -- Elizabeth R. Haar (Wiesner) was named to the role of president and CEO of Accident Fund Insurance Company of America by the Blue Cross Blue Shield of Michigan board of directors. Haar was serving as interim president and CEO since the resignation of James Epolito in May. Accident Fund is the workers' compensation subsidiary of the Michigan Blues.

Haar previously led Accident Fund's marketing and underwriting operations as executive vice president and chief business development officer. Earlier, as vice president of the company's eMagine strategic planning division, she led Accident Fund's development of an e-business model and national expansion. She also served as vice president and chief actuary.

Haar has more than 18 years of property and casualty insurance experience including positions at Citizens Insurance Company and Michigan Millers Mutual. She is a fellow of the Casualty Actuarial Society, and a member of The American Academy of Actuaries. She earned a bachelor's degree in mathematics from the University of Michigan.

"Liz's extensive experience will enable her to further develop a company that has grown into one of the largest workers' compensation organizations in the country," said Richard E. Whitmer, BCBSM president and CEO.

Accident Fund was purchased by BCBSM from the State of Michigan in December 1994 in one of the nation's largest privatizations of a state agency. Accident Fund is a wholly-owned subsidiary of BCBSM.

"Liz is absolutely the right person for this position. Her demonstrated leadership and knowledge of the business will keep Accident Fund on course for continued growth and profitability," said Charles Burkett, chairman of Accident Fund board of directors.

Headquartered in Lansing, Michigan, Accident Fund has 536 employees and is one of the nation's leading workers' compensation insurers, operating in 42 states and the District of Columbia. The company also provides third party administration services and disability management. Founded in 1912, Accident Fund is rated A (Excellent) by A.M. Best and is a member of Ward's 50.

Blue Cross Blue Shield of Michigan is nonprofit and an independent licensee of the Blue Cross and Blue Shield Association.

CONTACT: Helen Stojic of Blue Cross Blue Shield of Michigan, +1-313-225-8113

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Publication:PR Newswire
Date:Jun 3, 2005
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