Marsh Broker Amy Odom Recognized as a 2019 Workers’ Compensation Power Broker
Amy Odom, Consulting Director, Senior Vice President, Marsh
For a convenience store franchise, Marsh’s Amy Odom launched an aggressive 18-month claims closure project aimed at closing claims before the potential onset of litigation.
Odom’s team achieved a reduction on the portfolio of $3.7 million, with an estimated developed savings from the project of $6.6 to $8.7 million.
The company’s risk manager, impressed with the results, wanted Odom in her corner when she recently switched jobs.
“She was one of the first people I called when I changed jobs,” said the risk manager. “Her services, as opposed to being a cost to me, always represent a net savings. She is my go-to person for claims resolution strategies.”
Odom’s team is also engaged in a liability and workers’ comp claims closure project for the risk manager’s new employer, with anticipated savings up to $20 million.
Odom is also hip-deep in a workers’ comp closure project for a large manufacturer. In the first eight months of the two-year project, the team has achieved a reduction in total outstanding claims on the portfolio of $12.6 million. Estimated potential developed savings on the project is up to $30 million.
“I have no doubt it’s because of her that [the project is successful],” said the risk manager. “With her talent and experience in workers’ comp, she is able to generate creative solutions to close claims that have been stalled. She gets in and digs into the issues of why the claimant [won’t settle] … she gets down to that level of detail.”
A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.
Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.
Who selects the winners?
Power Brokers are selected by Risk Managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.