Timothy Barrett

Timothy Barrett Email and Phone Number

Head of Claims Oversight for Verve @
Timothy Barrett's Location
Greenville, North Carolina, United States, United States
Timothy Barrett's Contact Details

Timothy Barrett work email

Timothy Barrett personal email

n/a
About Timothy Barrett

I am known in the industry for my ability to quickly analyze operations, identify value drivers, develop and execute strategies, and build talented and scalable teams. I am best characterized by my passion for success, leadership ability, business acumen, and rock solid work ethic.Extensive expertise in personal, commercial and non-std auto liability, general liability, garage, workers compensation, homeowners, environmental, inland marine, asbestos, legal liability, professional liability and specialty niche markets. {Excess and Surplus). Developed risk management organization for Transportation carrier. System roll-out expertise as first client of Guidewire claims solutions. Commercial underwriting and leadership experience.Developed best practices, audit protocol, training, regulatory compliance guidelines, and extensive vendor relationships with multiple carriers. Finally, I am a known commodity that can deliver results: ALAE and LAE expense reduction, lower average paids, improved customer experience and change management

Timothy Barrett's Current Company Details
VERVE

Verve

Head of Claims Oversight for Verve
Timothy Barrett Work Experience Details
  • Verve
    Head Of Claims Oversight
    Verve Jun 2022 - Present
    Atlanta Metropolitan Area
    Head of Claim for Verve writing non-standard auto in GA, AL and PA. We are committed to providing superior customer service and a positive claims experience. We’re transforming the delivery of auto insurance and working every day to make the experience better for our policyholders, agents, and partners.
  • The Barrett Consulting Group Services
    President & Ceo
    The Barrett Consulting Group Services Jun 2017 - Present
    Greenville, North Carolina, United States
    Full service insurance consulting: Mergers and Acquisitions Claims and Underwriting File Reviews, Claim Audits: {technical file handling, reserving, compliance and reinsurance}, Full Service Risk Management, Staffing, Expert Witness for all lines, Litigation avoidance and management programs, Developing Best Practices and proper benchmarks. Extensive experience in leading change management and developing formalized training programs. Startup expert for new claims operations, risk management, or underwriting.25 years in Senior Leadership roles leading organizations with up to 600 people in multiple locations throughout the US.
  • Access General Adjusters, Mga
    Vp, Chief Claims Officer
    Access General Adjusters, Mga Apr 2014 - Jun 2017
    Greater Atlanta Area
    Senior Claims Leader for privately held non-standard auto insurer with strong technology and a net written premium of $350 million. Led claims staff of 200 located in multiple locations throughout the US.
  • Canal Insurance Company
    Vp, Chief Claims Officer
    Canal Insurance Company Oct 2007 - Apr 2014
    Greenville, South Carolina Area
    Was recruited and came on board to rebuild the Claims Department and develop a strategy for value-added services. Developed plan with defined goals to reduce cost and focus on quality, and customer satisfaction. Currently member of Corporate Risk Council, IT Governance Committee, Agent Advisory Board, Lead Customer Retention Initiative and Risk Management Services.• Optimized use of technology, specifically Guidewire ClaimCenter integrated with ISO, ImageRight, Medicare Reporting and Legal Bill Review.• Founding user of Guidewire Live for Insurance Analytics.• Implemented controls and procedures that reduced need for outsourcing and delivered substantial cost savings. To achieve these goals, replaced 22% of staff with new "A" team; established training processes and pay-for-performance compensation system; set quantifiable goals and objectives for all employees; and developed metrics to track performance. • Reduced total time to closure by 67%.• Introduced Special Investigation Unit (SIU) that delivered net savings of $14M in 2 business segments• Created audit/file review program; established processes and procedures to ensure operational controls in place • Improved customer relationships, including implementation of a 24-hour customer service center.• Introduced customer satisfaction surveys—scored 8.9%–9.3% of 10 among first party and third party clients• Established vendor management system, loss control processes, and SLA agreements• Built Major Case Unit, structured settlement program, and consistent recovery philosophy for positive IBNR impact.
  • Nationwide Insurance
    Regional Claims Officer
    Nationwide Insurance Jan 2004 - Jan 2007
    Carmel, In
    Scope of work: Managed multiline operations in IN, IL, MO, KS, WI, IA, NE and MI; 400 staff; $1.1B premiums.Maintained high profile to drive operational strategies that transformed last place regional team to #1 in customer service, #1 in corporate engagement survey, and #2 in technical audit. Recognized as "cleanup" expert sought out for creativity and advice on business turnaround. Member of the Product Underwriting Team and Agent Advisory Board.• Piloted first standalone Commercial Claims Division for E&O, D&L, commercial auto, property GL, and garage • Merged IA and EA channels to improve best practice consistency• Achieved highest SIU referrals in the country and highest utilization of structured settlements• Reduced core average net-claim-payment for bodily injury by 29.1%
  • Nationwide Insurance
    Material Damage Director
    Nationwide Insurance Jan 2002 - Jan 2004
    Columbus, Ohio Area
    Scope of work: Largest Material Damage operation company-wide - OH/WV operations; 265 staff, $1.4M premiums.• Improved file claims leakage from 12% to 7%; alternative parts utilization from 38.7% to 47%.• Exceeded corporate benchmarks, physical damage, comprehensive ANCP (average net-claim-payment) and achieved highest employee engagement score.
  • General Accident/Commercial Union (Cgu/Onebeacon)
    Regional Claims Executive
    General Accident/Commercial Union (Cgu/Onebeacon) Jan 1997 - Jan 2002
    Boston, Ma
    Originally hired by General Accident, weathered numerous organizational changes in pivotal roles: Led post-merger integration of $8B London based General Accident/Commercial Union (CGU), turnaround expert. Managed OneBeacon's 10 state book of business when purchased by Liberty Mutual in 2001.

Timothy Barrett Skills

Customer Satisfaction Insurance Vendor Management Risk Management Underwriting Claim Property And Casualty Insurance Crm Outsourcing Commercial Insurance Insurance Law Liability Legal Liability Claims Management Casualty General Insurance Casualty Insurance Workers Compensation Professional Liability Liability Analysis

Timothy Barrett Education Details

  • Barton College
    Barton College
    Business Adminstration

Frequently Asked Questions about Timothy Barrett

What company does Timothy Barrett work for?

Timothy Barrett works for Verve

What is Timothy Barrett's role at the current company?

Timothy Barrett's current role is Head of Claims Oversight for Verve.

What is Timothy Barrett's email address?

Timothy Barrett's email address is tb****@****nce.com

What schools did Timothy Barrett attend?

Timothy Barrett attended Barton College.

What are some of Timothy Barrett's interests?

Timothy Barrett has interest in Social Services, Children, Politics, Education, Human Rights, Arts And Culture.

What skills is Timothy Barrett known for?

Timothy Barrett has skills like Customer Satisfaction, Insurance, Vendor Management, Risk Management, Underwriting, Claim, Property And Casualty Insurance, Crm, Outsourcing, Commercial Insurance, Insurance Law, Liability.

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