Richard D. Farnsworth
Since January 1, 1999 Richard ("Dick') has been self-employed as a consultant and expert witness to various surety companies on the custom and practices of surety underwriting.
From 1922 to 1999 Dick was Senior Vice President of Fireman's Fund Insurance Company's Surety Division. In that capacity he was responsible for the company's nationwide Surety underwriting and marketing activities. Dick managed a staff of 150 people with annual revenues of $100 million. He retired January 1, 1999.
Prior to his appointment as Senior Vice President, Dick held various management positions in the surety operations of Fireman's Fund from 1965 to 1973 and from 1986 to 1992. From 1973 to 1986 Dick worked for Wausau Insurance companies. He was appointed Vice President in 1982 with responsibility for Wausau’s Surety Underwriting and Claims operations.
Dick's surety career of 35 years included experience in surety underwriting, marketing, financial and administrative duties. His work included developing and international surety facility, broad-based experience in all aspects of managing a major nationwide surety operation including authoring underwriting guidelines, development of training programs for underwriters, delegating underwriting authorities, final underwriting decisions on major accounts, developing annual business plans, managing producer relationships, negotiating reinsurance treaties.