Accident Fund Company Appoints New President and CEO

Strategic Insights -

James C. Epolito, a veteran healthcare administrator, has been appointed president and CEO of the Accident Fund Company, a privatized workers' compensation insurance provider. As of January 3, Epolito will oversee the company's services to agents and businesses, aiming to maintain and improve its position in the Michigan market. Epolito brings extensive experience in managing healthcare costs to the role, having previously led Blue Care Network-Health Central, a 65,000-member HMO.

Key Takeaways:

  • James C. Epolito, a 39-year-old healthcare administrator, has been appointed president and CEO of the Accident Fund Company, effective January 3.
  • Epolito's background includes serving as president and CEO of Blue Care Network-Health Central, a 65,000-member HMO affiliated with Blue Cross Blue Shield of Michigan, since 1992.
  • He has also held key positions at Blue Cross Blue Shield of Michigan, including vice president of Michigan Sales, Service, and Government Affairs, and vice president of Government & Community Affairs.
  • Epolito has a master's degree in public administration in healthcare from Western Michigan University and a bachelor's degree in communications from Michigan State University.
  • Prior to Epolito's appointment, the Accident Fund Company was sold to Blue Cross Blue Shield of Michigan (BCBSM) for $291 million, with the state Administrative Board closing the sale on December 28, 1994.
  • The Accident Fund Company is the largest writer of workers' compensation insurance in Michigan, representing 15 percent of the market.
  • Epolito aims to make Michigan a leader in workers' compensation insurance, promoting a competitive market that can help retain and attract businesses to the state.

Statistics:

  • 15%: The percentage of the Michigan workers' compensation insurance market represented by the Accident Fund Company.
  • $291 million: The amount offered by Blue Cross Blue Shield of Michigan to purchase and privatize the Accident Fund of Michigan.
  • 65,000: The number of members in Blue Care Network-Health Central, a 65,000-member HMO affiliated with Blue Cross Blue Shield of Michigan.
  • 39: The age of James C. Epolito at the time of his appointment as president and CEO.
  • 1978: The year Epolito graduated with a bachelor's degree in communications from Michigan State University.
  • 1992: The year Epolito became president and CEO of Blue Care Network-Health Central.
  • 15%: The percentage of market share of the Accident Fund Company.

Sources:

  • LANSING, Mich., Jan. 3 /PRNewswire/ --
  • CO: Accident Fund Company ST: Michigan IN: INS SU: PER ML -- DE024 -- 9479 01/03/95 14:16 EST