Fred O. Pachón
Select Staffing Inc.
2009 Risk Manager of the Year
Leading by example to promote risk control
To make true believers of operations managers who were skeptical about the worth of risk management, Fred O. Pachón became one of ...
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Pachón makes moves to master risk management
Although Fred O. Pachón was born in Colombia, his resume shows he earned a business degree in 1980 from the Central University of Venezuela in Caracas. At the time, his father was a Colombian diplomat ...
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Risk management plays key role in acquisition strategy
Select Staffing Inc. purchases competitors with higher workers compensation costs than its own, quickly reduces their open claims and then captures millions of dollars in collateral the acquired compa...
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Comp claims reviews used to value targets
Select Staffing Inc.'s risk management department relies on its investigative prowess to quickly resolve workers compensation claims of companies it acquires. Closing as many as two-thirds of those le...
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Pachón has high expectations of work comp attorneys
Workers compensation defense attorneys must measure up to get his business, says Fred O. Pachón, vp of risk management and insurance for Select Staffing Inc. They also must follow his strict methodolog...
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Claims 'quarterbacks' support Select Staffing's TPA
Select Staffing Inc. pays its third-party administrator more than the average rate for managing its workers compensation claims, but also plants "claims quarterbacks" among the TPA's staff...
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Dashboard technology helps Select measure, respond to risks
Select Staffing Inc.'s risk management department applies so-called dashboard technology to track its workers compensation losses and allocate the costs among its local branches. Select Staffing's cust...
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Underwriting approach carefully determines which clients to serve
Select Staffing Inc.'s risk management department operates like an insurance company underwriting unit. The risk profile of potential clients is screened to help determine how much Select Staffing mus...
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Broker works in concert with Select Staffing
Fred O. Pachón, vp of risk management and insurance for Select Staffing Inc., contracts with Beecher Carlson Holdings Inc. for the majority of the company's insurance brokerage services. Throughout his...
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Employee screening that started sales staff revolt now a strong selling point
While liability insurers often view temporary staffing companies as big potential risks, Select Staffing Inc.'s employee screening program helps put underwriters at ease, the company's broker says. In...
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Numbers, strategy help sell risk management ideas
Fred O. Pachón has battled skepticism and opposition to put his risk management programs in place. Select Staffing Inc.'s vp of risk management and insurance has won those battles with a style develop...
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Safety officers help reduce injuries
About 1,300 safety officers placed at client worksites nationwide comprise "one of the most significant elements" of Select Staffing Inc.'s program, says Fred O. Pachón, vp of insurance and ...
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Where possible, Select Staffing opts to use fewer insurers
Fred O. Pachón, who purchases 20 lines of insurance for his company, prefers that his broker place as much of that coverage as possible with one insurer.The reason he likes to consolidate his insuranc...
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