LANSING, Mich., April 20, 2012 /PRNewswire/ -- Accident Fund Holdings, Inc. is proud to announce the recent appointment by Governor Snyder of Michael T. Reid, director of Litigation, Subrogation and Medicare for Accident Fund Holdings, to the Michigan Self-Insurers' Security Fund, Second Injury Fund, Silicosis, Dust Disease, and Logging Industry Compensation Fund Board of Trustees.
The Self-Insurers' Security Fund, Second Injury Fund, Silicosis, Dust Disease, and Logging Industry Compensation Fund Board of Trustees oversees the Funds Administration, which is funded by insurers who write workers' compensation policies in the state of Michigan and employers who self-insure their workers' compensation liability. The board's assessments cover all benefits paid by the Funds Administration and all administrative and litigation costs. Each of the three funds makes a separate assessment. The Second Injury Fund and Silicosis, Dust Disease, and Logging Industry Compensation Fund assessments are paid by insurance companies and self-insured employers. The Self-Insurers' Security Fund assessments are made against only private self-insured employers.
As the director of Litigation, Subrogation and Medicare for Accident Fund Holdings, Reid is responsible for staff counsel in California, Illinois, Kansas, Michigan, Missouri and Wisconsin, while overseeing panel counsel nationwide. He manages the subrogation process for all of the companies' subsidiaries and is responsible for Medicare compliance within the claims operations.
Reid, a resident of East Grand Rapids, Mich., is a member of the Board of Directors for the East Grand Rapids Schools Foundation. He earned a bachelor's degree in philosophy from the University of Michigan and a Juris Doctor degree from University of Detroit Mercy School of Law.
Accident Fund Holdings, Inc.
Accident Fund Holdings, Inc. is a workers compensation insurance holding company conducting business through four operating units: Accident Fund Companies, located in Lansing, Michigan; United Heartland, located in New Berlin, Wisconsin; CompWest, located in San Francisco, California; and Third Coast Underwriters, located in Chicago, Illinois. Its insurance company subsidiaries are rated "A-" (Excellent) by A.M. Best. Accident Fund Holdings is a wholly-owned subsidiary of Blue Cross Blue Shield of Michigan. For more information, visit Accident Fund Holdings' website at www.afhi.com.
SOURCE Accident Fund Holdings, Inc.