Reagan Pufall, President and CEO of Omaha National recently sat down with Insurance Journal for an interview with Ezra Amacher. In this feature article, Reagan discusses Insurance Careers Month and the important role that happiness plays in recruitment.
Check out the full article here: https://www.insurancejournal.com/news/midwest
A leading provider of workers’ compensation insurance welcomes a roster of investors to help support the expansion of software development and propel further growth
OMAHA, NE (September 28, 2021) – Omaha National Group, Inc. (“Omaha National”), a leading tech-enabled provider of workers’ compensation insurance and payroll services, today announced a $45 million Series B round led by Accomplice. The company plans to use the funds to support its transition to a full-stack carrier, with Omaha National issuing policies on its own paper while distributing through its extensive agency network. The company will also continue the expansion of its advanced proprietary software.
Omaha National was founded in 2016 by a team of executives with a track record of building successful workers’ compensation businesses at other carriers, including Berkshire Hathaway. They are combining their established strategic approach with new proprietary technology to provide care and support to injured workers while reducing unnecessary costs. Reduced claim costs may lower experience modifiers which can reduce overall costs to clients over time.
“We see an unmet need in workers’ compensation for a company that employs advanced technology to achieve better claim outcomes and superior underwriting results,” said Omaha National President and CEO Reagan Pufall. “We’ve achieved a lot in the past five years but we’re just getting started. We’re excited to welcome our new investors to join us on this journey.”
Investors HighSage Ventures and Tull Investments joined Accomplice in the $45 million Series B round. Agman, a Chicago-based investment firm, remains the principal and founding investor.
“We were drawn to Omaha National’s proprietary technology and their forward-thinking culture,” said Ryan Moore, Founding Partner with Accomplice. “We’re excited to be supporting their efforts to expand their strategy.”
About Omaha National:
Omaha National serves the businesses that build America and keep it running; the small to midsize companies where people work with their hands and have a greater risk of being injured. Our proprietary software enhances our operations to better help our customers and their injured workers, while generating consistently compelling loss ratios. Omaha National offers AM Best A (Excellent) rated workers’ compensation coverage through more than 2,500 agencies. Since our launch in 2016, we have grown to more than 190 employees and over $120 million in program premiums.
About Agman:
Agman leverages its permanent capital base to partner with exceptional entrepreneurs building enduring businesses. Since its humble origins nearly a century ago, Agman has grown into one of the largest family-owned investment firms in the United States, with thousands of employees, activities across the country, and expertise in a range of industries.
About Accomplice:
Accomplice is a seed-led venture capital firm that embraces risk. Accomplice has been part of the origin story of AngelList, Carbon Black, Coinlist, Currencycloud, FLOW, DraftKings, FalconX, Freshbooks, Integral Ad Science, Hopper, Luna, Near, Orchard, Patreon, PillPack, Plastiq, Recorded Future, SecurityScorecard, Skillz, Veracode, Work Human, WHOOP, and Zoopla.
Company adds Mason Perry to its growing leadership team to head up its force of sales and marketing professionals.
Omaha National Insurance Company, a technology-enabled company providing workers compensation insurance to small and mid-size employers, has promoted Mason Perry to director of sales and marketing, the company announced today.
Perry was among the first employees to join Omaha National as a founding member of the sales and marketing team in 2017. He has been promoted twice – to sales and marketing supervisor in 2019, and sales and marketing manager in 2020.
“Mason has built an outstanding sales operation over the past four years,” said Chris LaMantia, chief marketing officer at Omaha National. “Our sales and underwriting mod-el is different from most other companies in our industry, allowing us to grow rapidly while achieving exceptional financial success. Mason and his team rapidly mastered this unusual approach and have a passion for connecting with small businesses so we can help them succeed.”
Perry is a graduate of Nebraska Wesleyan University, where he studied business and was a member of Lambda Pi Eta National Communications Honor Society. Prior to joining Omaha National, he worked in sales and marketing for a Lincoln, Neb.-based company and as a recruiter for a national medical group in Omaha.
Omaha National has achieved rapid growth since its founding in 2016. The company surpassed $100 million of in-force premium in January 2021 and now has more than 180 employees. Last week, Omaha National announced its expansion into New York, bringing the total number of states in which the company provides coverage to thirteen. Later this year, Omaha National will move into its new corporate headquarters in a prominent location in its home city of Omaha, Nebraska. The company is recognized for its superior claims management program, which reduces the cost of claims while ensuring injured workers get the medical treatment and support they need to make a successful recovery.
About Omaha National
Omaha National brings innovative workers compensation solutions to the companies that build America and keep it running — small to mid-size businesses where employees work with their hands and have a higher risk of injury. By leveraging proprietary soft-ware, industry-leading claims management, a superior sales and underwriting model, and deep industry expertise, Omaha National provides exceptional service and dramatically better outcomes to these companies and their employees. To learn more, visit www.OmahaNational.com.
Omaha National, a fast-growing provider of workers compensation and payroll services, has announced it is expanding coverage to New York.
“We are pleased to offer our superior underwriting and claims management processes to the New York market,” said Chris LaMantia, chief marketing officer at Omaha National. “In addition, our payroll service has a retention rate of more than 95% because of the variety of solutions we’re able to offer employers.”
By combining proprietary Insurtech software with hands-on underwriting and claims management, Omaha National has achieved an exceptionally low loss ratio since being founded in 2016.
“By controlling claims costs, we save employers money and help them get back to lower premiums,” said LaMantia. “Bringing these services to New York is a significant step toward our goal of eventually providing coverage nationally.”
In January 2021, Omaha National surpassed $100 million of in-force premium. The company employs more than 170 people at its Omaha, Neb. Headquarters and currently provides coverage in 13 states, including New York.
About Omaha National
Omaha National is one of the fastest-growing workers compensation insurance providers in the nation, currently offering coverage in over a dozen states including California and Illinois, and working with over 8,500 agencies nationwide. The company employs the Insurtech approach of developing superior proprietary software
in-house.
Omaha National provides workers compensation coverage to more than a dozen states throughout the country.
Omaha National Insurance Company announced today that Jim Hempel has joined the company as general counsel and David Bird has joined as vice president, accounting. Additionally, Derrald Farnsworth-Livingston has been promoted to vice president, IT infrastructure.
Hempel joins Omaha National from Blue cross Blue shield of Nebraska, where he served as associate general counsel for more than 13 years. His range of experience includes providing executive legal support and direction while managing vendor services, corporate governance, legal and risk management programs in the insurance industry He will advise and support the Omaha National executive leadership team while managing legal initiatives for operational teams throughout the enterprise. He received his juris doctorate from the university of Nebraska and is licensed through the Nebraska State Bar.
Bird has more than 20 years of experience in the accounting and finance field, most recently holding leadership positions at publicly traded companies in the Omaha area. He started his career in public accounting at Deloitte, where he spent more than eight years in their audit and assurance group work ng on mid-market and large SEC-reporting clients. At Omaha National, he will assist the chief financial officer in overseeing the accounting, payroll, and financial reporting functions. He is certified as a management accountant through the Institute of Management Accountants and is a licensed CPA in the state of Nebraska. He holds a BSBA and master’s degree in accounting from the university of Nebraska.
Farnsworth-Livingston joined Omaha National in 2019 as director of information technology, where his role includes service desk operations, server and network implementation and support, and information security. Before joining Omaha National, Farnsworth-Livingston had 20 years of broad-based experience in crafting and implementing successful IT strategies, architecting large-scale resilient systems, and managing technical teams that deliver exceptional customer service. He holds a BS in computer science from Creighton University.
Omaha National President and CEO Reagan Pufall says, “Dave, Jim, and Derrald exemplify our strategy of developing a world-class executive leadership team to continue building Omaha National into a highly successful national insurance carrier. Their strong and broad expertise gives us an excellent foundation for the future.”
Omaha National is a fast-growing provider of workers compensation and payroll services. Founded in 2016, the company surpassed $100 million of in-force premium in January 2021 and has grown to more than 170 employees.
About Omaha National
Omaha National is one of the fastest-growing workers compensation insurance providers in the nation, currently offering coverage in over a dozen states including California and Illinois, and working with over 8,500 agencies nationwide. The company employs the Insurtech approach of developing superior proprietary software
in-house.
Theresa Aronson has been promoted to Director of Operations, and Cori Barnes has been promoted to Director of Medical Ser- vices, Omaha National Insurance Company announced this week.
Aronson joined Omaha National in January 2019 and built the Premium Audit department. Her role has grown to include supervision of customer service, mail processing, reception, document indexing, underwriting support, and claims adjusting support. Before joining Omaha National, Aronson had 18 years of experience in payroll services and premium audit, including creating work processes, training new employees, ensuring compliance with state regulations, and handling complex workers’ compensation premium audits. She has exceptional communication skills when working with clients undergoing audits, even when challenging issues arise from adverse audit findings.
Barnes graduated from Immanuel Medical Center as a Radiologic Technologist and is ARRT-registered in radiography and mammography. She spent more than 20 years with CHI Health as both a Radiologic Technologist and a Clinical Coordinator, where she was responsible for clinic operations, including supervision, training, compliance, and scheduling. Most recently, Barnes served as Utilization Review Supervisor with Berkshire Hathaway Homestate Companies. She joined Omaha National in October 2020 to build the utilization review operation and soon assumed the role of Medical Services Manager, with responsibility for utilization review, medical bill review, medical networks, and nursing services.
“Both Theresa and Cori are top-level talents in their fields,” says Reagan Pufall, President and CEO of Omaha National. “They have done exceptional work in building operations that have contributed significantly to the success of our rapidly-growing company.”
Founded in 2016, Omaha National is one of the fastest-growing companies in Omaha, a city known for its strong insurance and financial services industries. In January 2021, the company sur- passed $100 million of in-force premium.
About Omaha National
Omaha National is workers compensation insurance provider currently offering coverage in over a dozen states including California and Illinois, and working with over 8,500 agencies nationwide. The company employs the insurtech approach of developing superior proprietary software.
Omaha National Insurance Company, an Omaha, Nebraska-based workers compensation and payroll services provider, recently announced the promotion of Nate Weides to vice president, applications and Greg Zimmerman to director of underwriting.
As vice president, applications, Weides is leading the development of a unique, comprehensive enterprise software application designed to perform all key functions including sales, underwriting, adjusting, policy management, medical management, and outward-facing functionality. This application, called Oncore, is central to the company’s strategic vision. Weides joined Omaha National in 2016.
Zimmerman joined Omaha National in 2017 as an underwriting manager. He has nearly 18 years of experience in the workers’ compensation industry. Zimmerman has been with the company’s underwriting division since its inception and provides expert training and leadership to underwriters with a focus on deep risk assessment. He received the Associate in Risk Management (ARM) designation in 2012 from the AICPCU/IAA.
“Nate and Greg exemplify the unique strategic thinking that is central to our success.” says Reagan Pufall, president and CEO of Omaha National. “Both of them use innovative approaches to grow and manage operations that produce truly exceptional results that are major contributors to our financial success.”
Founded in 2016, Omaha National is one of the fastest-growing companies in Omaha, a city known for its strong insurance and financial services industries. In January 2021, the company surpassed $100 million of in-force premium.
About Omaha National
Omaha National is one of the fastest-growing workers compensation insurance
providers in the nation, currently offering coverage in over a dozen states including
California and Illinois, and working with over 8,500 agencies nationwide. The company
employs the Insurtech approach of developing superior proprietary software.
Omaha National Insurance Company, an Omaha, Nebraska-based workers compensation and payroll services provider, has signed a lease to occupy 9110 West Dodge Road. The building overlooks the high-profile intersection of 90th Street and West Dodge Road. The move will allow the company to continue growing its employee workforce, which has reached 150 and is expected to top 200 by the end of 2021.
Omaha National is currently located in the Metropolitan Business Center near 108th & L Street.
“Omaha has been a great place to build our company and we’re proud to expand our corporate footprint in this central location in the city,” says Reagan Pufall, president and CEO of Omaha National. “This premier building provides our employees with a terrific workspace that supports our culture of collaboration.”
Founded in 2016, Omaha National is one of the fastest-growing companies in Omaha, a city known for its strong insurance and financial services industries. During 2019, the company doubled its office space and increased its staff by more than 50 percent. In January 2021, Omaha National surpassed $100 million of in-force premium.
Mary Senff, vice president of company development at Omaha National, worked closely with Marc Siemers, executive vice president at OMNE Partners, to find the new office space.
“This building includes a beautiful sunlit central atrium and has more than 50,000 square feet on a floor, which is unusually spacious. We love to work together and having room for so many employees on each floor makes that easier.” says Senff. “We’re excited about the plans that are underway to update the building with new amenities and a modern look.”
“Putting down roots in the heart of Omaha is a great milestone for a relatively young company,” says Siemers. “This location provides employees with a commute that is easily accessible from nearly every part of the city, plus close proximity to all of the lifestyle amenities the 90th & Dodge corridor has to offer.”
Omaha National anticipates moving in summer 2021. Updates to the building include interior renovations to maximize the natural light of the central atrium as well as exterior updates including new signage.
About Omaha National
Omaha National is one of the fastest-growing workers compensation insurance providers in the nation, currently offering coverage in over a dozen states including California and Illinois, and working with over 8,500 agencies nationwide. The company employs the Insurtech approach of developing superior proprietary software.
“We never have to wonder whether our work has meaning. We know that we’re having a positive impact in the world.”
Our President and CEO Reagan Pufall recently spoke with Insurance Journal about our recent $100M in-force premium milestone. Read the full story for a look into our plans for the future:
https://www.insurancejournal.com/news/midwest/2021/03/23/606490.htm
Omaha, Neb., Jan. 27, 2021 – Omaha National, a workers compensation insurance provider that uses advanced technology to serve small and midsize employers, has surpassed $100 million of in-force premium three years and three months after its first policy inception in late 2017. Omaha National offers coverage in 12 states as it continues to expand in the U.S.
“We’ve been growing at an exceptional pace since our launch three years ago,” said Bryan Connolly, Co-Founder and Chief Financial Officer at Omaha National. “Our loss ratio has consistently been one of the lowest in the industry due to our strengths in underwriting and claims management, as well as to the fact that we develop superior proprietary software in-house.”
Omaha National’s proprietary software development is embodied in its CompOS application (Compensation Operations System), a revolutionary, truly comprehensive enterprise application incorporating all strategic functions of the business. “Our innovative approach to software development gives us tremendous competitive advantage and empowers us to provide exceptional results for our clients, injured workers, and broker partners,” said Connolly.
Omaha National has increased its staff to 150 employees as its in-force premium doubled during 2020. The company continues to grow its agency partnerships and now has a distribution network including more than 8,500 agencies nationally.
