I am the President of the Frazer Lanier Company. The Frazer Lanier Company is an investment banking firm located in Montgomery, Alabama. Our company has served as an investment banker to thousands of corporations, cities, counties, states, local boards and agencies throughout the United States. I was first introduced to Jeffrey Bemoras through the Board of Jefferson County, Alabama.
Butte County was facing a huge increase in worker’s compensation insurance costs. Butte had joined an insurance pool and had a 4-year lock on rate increases. As that lock was about to expire, Butte faced a rate increase of $2.2 million in fiscal year. I began looking for alternative approaches to avoid that significant rate increase.