| NEWS RELEASE -
For Immediate Release - July 1, 2006
Contact:
Katerina Caterisano
Network Design and Communications
Phone: 212-431-4675 Fax: 212-431-5786
Email: kat@networknyc.com
New President to Head Lovell Safety
Management Co., LLC
Stephen J. Lovell, Son of Company’s Founder, Steps
Down New York, NY . . . Stephen J. Lovell, President
of The Lovell Group, comprised of Lovell Safety Management
Co., LLC and Lovell & Lovell, PC, announced today that,
as of July 1, 2006, he is stepping down and turning the presidency
of The Lovell Group over to his son Barry S. Lovell. Founded
in 1936 by Jac M. Lovell, Stephen Lovell’s Father, Lovell
Safety Management is one of the country’s oldest and
most trusted safety group management companies, serving more
than 3,250 New York State employers in securing their mandated
Workers’ Compensation Insurance.
Lovell Safety Management Co., LLC, family-owned and operated
since its launch, has helped employers control Workers’
Compensation costs by promoting and protecting employee health
through the development of safety and health management programs
for seven decades. It has grown steadily under Stephen Lovell’s
leadership: In 1970, when he took over from his Father, the
company had 15 employees operating out of a single office
location, servicing 300 members and generating $8 million
in premiums. Nowadays, the company numbers just under 100
employees servicing over 3,250 businesses throughout New York
State from seven offices, generating in excess of $125 million
in premiums.
In announcing his son’s appointment to president, Stephen
Lovell remarked, "It is a source of great pride to me
that this company has continued to grow and thrive for 70
years. Throughout his employ, Barry has demonstrated that
his rapidly expanding industry knowledge and insight, business
acumen and commitment to technological innovation will serve
to maintain Lovell Safety Management’s dominance in
the Workers’ Compensation Insurance industry."
Barry Lovell joined the company 12 years ago as Asst. Director
of Systems, shortly thereafter assuming the position of Vice
President and Director of Systems. His first priority was
to customize Lovell’s underwriting, billing and service
management software. The new application consolidated client
information previously stored in separate incompatible databases,
changing the format of the data to make it easily accessible
to Lovell’s field staff.
Barry then focused on maximizing Lovell’s workflow
processes, re-writing part of its accounting package and facilitating
optimization of its billing procedures. Charged with modifying
the year-end annual reports for each of the company’s
13 safety groups, Barry transformed these overviews into comprehensive
summations of each group’s performance, enabling clients
to understand the impact of issues like loss development,
loss control, and the Workers’ Compensation law on their
cost for insurance.
Currently a member of such trade organizations as AMCOMP
(the American Society of Workers’ Compensation Professionals),
the Association of Safety Group Managers, and the Workers’
Compensation Committee of the Business Council of New York
State, Inc., Barry developed an interest in computers, databases
and network design while pursuing his Ph.D. degree in American
Studies. Before joining Lovell Safety Management, he was responsible
for the design and implementation of several database and
cataloguing projects for museums and historical societies.
Barry has pledged to continue his family’s commitment
to building Lovell Safety Management: "My Grandfather
Jac was a labor lawyer who worked with the Cleaners and Dyers
Board of Trade during the 1930’s. He recognized that
employers didn’t understand the relationship between
safety and the bottom line, and weren’t paying attention
to claims."
Barry clarified, "By focusing on the importance of reducing
workplace injuries, he established the fundamentals of this
company’s success: a commitment to ongoing development
of health and safety programs that lead to more responsive
medical services, decreased recuperation time for injured
workers, minimal administrative delays, and effective cost-containment
for business owners. I am proud to accept this mantle of responsibility
from my Father."
Lovell Safety Management Co., LLC
Lovell Safety Management has been specializing in comprehensive
Workers’ Compensation Insurance solutions since its
launch in 1936. Founded by Jac M. Lovell, the company is still
family-owned and operated, having passed down from father
to son to grandson. As a safety group management company,
Lovell returns any underwriting profit to group members: Any
extra premium dollars collected that are not used to pay losses
or expenses are added to surplus or returned to members in
the form of a year-end cash dividend. The company has a long-standing
reputation as an industry leader in efficient claims services
and underwriting management, effective loss control strategies
and the best safety programs in the industry.
Lovell administers Workers’ Compensation Safety Groups
for New York employers in 13 industries—namely construction,
commercial cleaners and launderers, hospitals and healthcare
facilities, electrical manufacturers, moving and trucking,
municipalities, paper products manufacturers, roofers and
sheet metal workers, building metal trades, painters and decorators,
retail lumber, retail cleaners, and printers—all of
whom are insured with The New York State Insurance Fund.
For more information on Barry Lovell’s appointment
to president of The Lovell Group, or the company’s comprehensive
package of services, please visit www.lovellsafety.com, or
contact Lovell Safety Management at phone: 212-709-8600; fax:
212-269-6054; email: info@lovellsafety.com.
# # #
|
