JERSEY CITY, N.J., March 25, 2003 — Insurance Services Office, Inc. (ISO) has promoted Kevin B. Thompson to senior vice president of its Insurance Services unit responsible for producing ISO's core information products — advisory loss costs, manual rules and policy forms — for personal and commercial lines of business.
Thompson joined ISO as an actuarial assistant in Commercial Casualty Actuarial in 1974 and held a series of increasingly responsible positions in the division, leading to his appointment as assistant vice president and actuary in 1986.
In 1996, Thompson was promoted to vice president of Standard Commercial Lines, responsible for commercial auto, commercial fire and allied lines, and general liability. In early 2000, he assumed responsibility for personal lines and began overseeing the operations of ISO's Insurance Services unit later that year.
Under Thompson's leadership, ISO acted quickly to help insurers respond to the emerging perils of terrorism and mold. Two months after September 11, 2001, ISO developed and filed optional terrorism exclusions for property and liability lines. In late 2002, Thompson's unit produced terrorism forms and loss costs insurers could use to comply with the terms of the recently enacted Terrorism Risk Insurance Act.
Thompson earned his bachelor's degree in mathematics at New York University in 1974 and his fellowship in the Casualty Actuarial Society (CAS) in 1984. He served as a CAS director from 1994 to 1996.
"Insurance Services provides quality products and services essential to our customers and to the success of ISO," said Frank J. Coyne, ISO's chairman, president and chief executive officer. "This promotion recognizes Kevin's outstanding leadership of Insurance Services."
ISO is a leading source of information, products and services related to property and liability risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides analytical and decision-support products, consulting, technical services, statistical services and data processing. ISO's products help customers with sales and prospecting, underwriting, rating and quoting, customer management, policy administration, product development, claims administration and fraud detection. ISO's AIR Worldwide subsidiary provides customers with the most advanced technologies for the assessment and management of natural and man-made extreme-event risk. Through its iiX and Intellicorp subsidiaries, ISO also provides motor vehicle reports and criminal-records information, and ISO's AscendantOne unit delivers policy management and rating solutions. In the United States and around the world, ISO serves insurers, reinsurers, agents, brokers, self-insureds, risk managers, insurance regulators and other government agencies.