COLUMBUS, Ohio, Feb. 5, 2013 /PRNewswire/ -- The American Society of Workers Comp Professionals, Inc. (AMCOMP) Board of Directors acts as an insurance information resource for issues that arise and affect the field of workers compensation. To help ensure appropriate representation and viewpoints in the field of workers compensation, the Board of Directors includes leading distinguished professionals. Consistent with this practice, Joseph L. Petrelli, President and Founder of Demotech, Inc. has been named as an alternate on AMCOMP's Board of Directors.
Mr. Petrelli has more than forty years of progressively responsible property and casualty actuarial and financial analysis experience. He has extensive experience with loss and loss adjustment expense reserve evaluation, product development, and pricing for virtually all property and casualty and title insurance products as well as expertise with loss cost filings, Financial Stability Ratings®, and merger and acquisition valuations.
AMCOMP is a not-for-profit corporation dedicated to professional excellence in the fields of workers compensation and employers liability. Since its founding, AMCOMP has dedicated itself to the development of higher educational standards and the creation of a workers compensation and employers liability professional designation. The AMCOMP certified Workers Compensation Professional (WCP) educational program is intended to develop a stronger foundation of knowledge and a higher level of understanding of the many aspects of workers compensation and employers liability.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. This philosophy was the catalyst for the Demotech Company Classification System, which was published in Insurance Journal, in order to stratify and categorize insurers into operational categories. Visit www.demotech.com for more information.