PORTLAND, Maine, July 14, 2016 /PRNewswire/ -- Workers' compensation specialist The MEMIC Group has announced the appointment of John R. Yao as Senior Vice President and Chief Information Officer to direct, plan, and oversee the development, implementation and security of MEMIC's information systems and technology.
Yao has more than 35 years of information technology experience in the healthcare and insurance industries. Previous to MEMIC, Yao was Director of Applications Development at Aetna, Vice President of Information Technology at CNA Insurance Companies and Chief Technology Officer at HealthWare Solutions International.
Yao received his Master of Business Administration and Bachelor of Science in Finance and Quantitative Methods from Babson College in Wellesley Hills, Massachusetts.
About MEMIC The MEMIC Group includes MEMIC Indemnity Company, MEMIC Casualty Company, and parent company Maine Employers' Mutual Insurance Company; all rated "A" (Excellent) by A.M. Best. As a super-regional workers' compensation specialty insurer, The MEMIC Group holds licenses to write workers' compensation in 46 states plus the District of Columbia. The group insures more than 20,000 employers and their estimated 300,000 employees, and holds more than $1 billion in assets. The group maintains offices in Manchester, NH; Glastonbury, CT; Albany, NY; Weehawken, NJ; West Conshohocken, PA; Tysons Corner, VA; and Tampa, FL; in addition to its headquarters in Portland, ME.