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Media Release |
RELEASE DATE: April 2, 2007 |
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IWIF is the largest provider of workers’ compensation insurance in Maryland, serving more than one out of four employers in the state, and records assets and reserves of $1.5 billion. Created by the State of Maryland and headquartered in Towson, IWIF is a fully self-supporting insurance company that operates solely from premium and investment income. A nine-member board appointed by the Governor supervises IWIF’s operations. Daniel E. McKew, chair of IWIF’s Board, praised Phelan’s appointment. “His extensive experience with IWIF and workers’ compensation insurance, combined with his skillful financial management, made Tom Phelan a clear choice for moving this organization to the next level of success,” McKew said. Phelan has been employed at IWIF since 1990 and has held the titles of director, internal audits and actuarial analysis; vice president of finance, and EVP and CFO, a title he has held since 2002. Prior to IWIF, he worked for the State of Maryland in the Office of Legislative Audits. “IWIF is a well run organization, governed by a knowledgeable Board, with dedicated employees. Our goal is to provide quality service at a reasonable price which benefits Maryland employers and helps the overall economy” said Phelan. A cum laude graduate of Towson University, he is certified public
accountant and a certified fraud examiner. He serves as chair of
the finance committee of the American Association of State Compensation
Insurance Funds and on the boards of the Maryland Workers Compensation
Educational Association and the Maryland Self-Insureds’ and
Employers’ Compensation Association. He also serves on the
boards of the Better Business Bureau of Greater Maryland and the
Franciscan Center in Baltimore, and is involved in his church’s
Habitat for Humanity ministry. -- END --
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Thomas
Phelan Named President Of IWIF Workers' Compensation Insurance