During the next 12 months, Black will serve as a leading spokesperson for NAMIC in meetings with legislators, regulators, and other industry stakeholders. Chair: Any business, public or private, with a board of directors may benefit from having directors and officers insurance. Insurance. Be sure to work with an insurance professional who is knowledgeable about D&O coverage. Mr Stephen Poh Yong Meng is the Independent Director for Audit Committee, Remuneration Committee and member of the Nominating Committee. Our Cause? Coverages may differ by state. Copyright 2023 - CFM Holdings Limited. President & CEO President Fairmont Farmers Mutual Insurance Company MCIA Board of Directors Chairman : John Huth Independent Captive Director Helena, MT : James A. Kinder President/CEO Kinder & Associates, Inc. Fountain Inn, SC: Adam Tunning Attorney Moulton Bellingham PC: Mary Claire Goff Senior Vice President The Taft Companies LLC Towson, MD CFM Insurance is part of the Insurance industry, and located in Missouri, United States. Ohio Mutual Insurance Company Your financial situation is unique and the products and services we review may not be right for your circumstances. Chief Executive Officer. This part of the coverage is known as entity coverage and helps when a business is named in a lawsuit along with directors and officers. Board service terms are three years, but board members may choose to run for consecutive terms. 2023 Forbes Media LLC. Seattle, WA, Jessie Stauffacher Stephen Poh Yong Meng He is currently a Senior Director with iCapital Holdings (SG) Pte Ltd, a corporate finance advisory services firm. ANI and NIAC member vote collectively for NANIs board of directors. CFM Insurance has a strong, reputable history of protecting Missouri properties that date back to 1867. A Board's mandate is to establish policies for corporate management and . You. The company offers an inspiring work environment for its bright team of insurance professionals and generously gives back to the communities and causes that built it so many years ago. Mutual Assurance Society of Virginia Director jobs 1,374,979 open . Joining him in key leadership positions are vice-chair . Established since 1979, CFM has evolved into a customer-focused manufacturer providing metal stamping services, design, fabrication and the sale of tool-and-die used for the manufacture of stamped metal components. Remember the spring storm season a few years back that brought unimaginable devastation to our state? CFM benefits from an impressive network of agents in every Missouri county, including over 200 agencies and more than 600 producers. Steeleville, IL, Randa Rawlins Homeowners, Farmowners, Mobile Home, and Rural & Town Fire & Extended Coverage. President & CEO He will also meet with fellow mutual insurance industry professionals and NAMIC members during several state association meetings and conventions. As a policy, it insures against claims or . Currently, he sits as an Independent Director onthe Boards of several public companies listed inthe Singapore Exchange. Western New England University proudly announces the election of President Robert E. Johnson as Chair of the Board of Directors for the Association of Independent Colleges and Universities in Massachusetts (AICU Mass) for the 2023-2024 term. by a majority vote ofthe Board Directors or upon petition of five percent of the membership or 500 members, whichever is lesser, Eight members shall constitute a . While it's no secret that spring can be a beautiful thing about 80% of the time, the remainder is often spent enduring some of the year's most damaging storms. What we are known for is our devotion to bettering the communities we serve. Although it is an uncommon practice, it is not illegal for a nonprofit to compensate its board members with reasonable fees unless prohibited by the organization's bylaws or state laws. Kent Shantz CFM's President and Chairman of the Board of Directors is Miguel Jos Matabel. 2020 All rights reserved. Vice Chair. Independent Director. To help inform and educate you on how to best avoid an accident, our experienced claims team has compiled a list of the most common auto claims we see on the regular, along with helpful tips for preventing the risk altogether. Mr. McLaughlin served as Vice Chairman of the Board of Palo Alto Networks, Inc., a global cybersecurity company, from June 2018 to December 2022. HOA management companies can be a great help to an association's board of directors. Our board members understand that. Together with Mdm Lim Fong Li Janet, Mr Ip was a co-founder of our Group in 1979, and was appointed as Managing Director since the incorporation of our Group. Commissions do not affect our editors' opinions or evaluations. In a special meeting held on November 17, 2016, the policyholders of Farmers Mutual Insurance Company of Grundy County voted to approve the merger into CFM Insurance, Inc., effective January 1, 2017. At CFM, we believe true customer loyalty comes from a winning game plan thats beneficial to everyone on the team - and its hard to lose when youre giving back. What Is A Business Owners Policy (BOP Insurance)? How Much Does Workers Compensation Insurance Cost? By placing a strong focus on modern technology, CFM has worked to streamline the insurance experience for both policyholders and agents. He followed in the footsteps of his father and grandfather, who co-owned an insurance brokerage and led a mutual company. He challenged the convention audience to embrace evolution, to get more involved with the association, and to invite the next generation of leaders to the associations table. Mr Teo has over 25 years experience in the financialservices sector, spanning across investmentmanagement, corporate finance and audit. You. With a degree in Agriculture from the University of Missouri, he now manages his familys farm, expanding into production agriculture, selling milk, beef, and both conventional and organic grain crops with wife, Tara, and their three young children. CFM Group Insurance Brokers | 651 followers on LinkedIn. The CFM Mission. Specifically, we examine three measures of a director's expenditure of effort - board meeting attendance, diligence level as reflected in independent director opinion reports, and busyness. He is a fellow member of the Institute of SingaporeChartered Accountants. We are equipped with the latest technology, products, and services to keep our business in sync with todays insurance standards. From booking flights, hotel rooms, and rental cars to pricing all the extra activities you plan to do on location, a "relaxing" vacay can be anything but. Executive Vice President He brings to the Groupsignificant experience in corporate governance and riskmanagement. Privacy Policy | Terms & Conditions. The required FICO score may be higher based on your relationship with American Express, credit history, and other factors. Mr Ip was first appointed to the Board on 28 April 2000. Without D&O insurance, the companys assets and the personal assets of the directors and officers are at risk. Community. Board of Directors. Often referred to as the "International Board," volunteers serve two- and three-year terms and are elected annually by INMA members. Past performance is not indicative of future results. Mr Chia Seng Hee It is no mystery why this company has continuously been successful over the years.. New York, NY, Vice Chair: NIAC, ANI, and NANI are 501(c)(3) nonprofit status insurers and rated A (Excellent) by AM Best. As one of our trusted agents, you know - we didnt become Missouris most trusted Mutual Insurance Company by spending aimless advertising dollars to win over customers. Ltd. in 2018 and an Executive Director of Accion Capital Management Pte Ltd since 2010, focusing on private equity investment opportunities. He was the founding Managing Director of Carrington RHT Investments Pte. Here are examples of problems a policy commonly excludes: Heres a look at the three types of coverage typically included in a D&O policy. I guarantee they will push the envelope, challenge normal, and bring great ideas, Black said. Our mission is to provide our policyholders the invaluable peace of mind they deserve through insurance protection thy can confidently trust, feel empowered by, and grow with for generations. Our board members receive no financial compensation beyond expense reimbursement. Review the list of the NAMIC Board of Directors Officers, Immediate Past Chairs, Directors at Large, Conference Representatives and NAMIC Executive staff. All businesses are unique and are subject to approval and review. Lead Independent Director. in Creative Writing from the University of California Riverside, Palm Desert. Together, alongside you and our customers, we can advocate for the places and things that matter most by keeping your business and their premium local. Randolph Mutual Insurance Company In a special meeting held on November 17, 2016, the policyholders of Farmers Mutual Insurance Company of Grundy County voted to approve the merger into CFM Insurance, Inc., effective January 1, 2017. IFMA is pleased to announce the member-elected executive committee and appointees to the global board of directors for the 2021-22 fiscal year (July 1, 2021 - June 30, 2022). With more distractions than ever impairing drivers behind the wheel, the chances of one happening around you or involving you are higher. As a company deeply embedded in its community, we are committed to protecting the ever-changing needs of our policyholders, no matter where life takes them. We arent known for our flashy Super Bowl ads or fancy celebrity endorsements. Mr Ip is responsible for the Groups strategic planning and development of new products and markets. CFM believes that lasting relationships are built from shared values, honesty, and trust, and has worked hard to establish a network of independent insurance agencies across the state who share the same vision. Financial Exams Date: 11/20/2017 CornerstoneNatInsCoORD.pdf Date: 08/21/2020 We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Our Specialty? Something went wrong. Mr Teo started his career as an auditor in KPMG in1996. There's just something about warm weather, newly lush + green landscapes, and unused vacation time begging to be taken advantage of that call for one thing: a summer road trip! IFMA's FY 2022 - 2023 Global Board of Directors. Mdm Janet was first appointed to the Board on 28 April 2000. Mdm Lim Fong Li Janet is the Chief Executive Officer (CEO) of our Group. Our Specialty? HB23-1288 . You might be using an unsupported or outdated browser. Mr Chia graduated from the National University ofSingapore with a degree in Accountancy and fromthe International University of Japan with a Masterof Arts in International Relations. This technology, coupled with the expertise of knowledgeable and helpful industry leaders internally, has established CFM Insurance as a first-choice for customers shopping in the Missouri market. Information provided on Forbes Advisor is for educational purposes only. Concordia, MO, Chair-Elect: Waterford, VA, Ronald P. Rutledge Are you sure you want to rest your choices? Heres to putting community first. Ah, Spring: You bring us warmer weather (at least in the afternoon hours), pretty flowers, and green grass - a welcome sight after enduring months of drab scenery and freezing temperatures. Community. Jeff Wrobel, CPCU Directors And Officers Liability Insurance: DEFINITION OF 'DIRECTORS AND OFFICERS LIABILITY INSURANCE' Some private equity and venture capital firms may require D&O coverage before they will invest in a company. President & CEO Download our exclusive Special Report: HOA Leadership Roles and Duties A Guide to the Positions of President, Vice President, Secretary, Treasurer, and Board Member in Condo and Homeowners Associations Members (and trial members) can download now. He has a B.S. In doing so, we aim to bring out the best in your investment by cycling it back into the communities you love to live in. Location Our Specialty? You. Richmond, VA, PAC Representative Director West Des Moines, IA, Andy Gerlach But a manager is not supposed to usurp the board's duties. As a company deeply embedded in its community, we are committed to protecting the ever-changing needs of our policyholders, no matter where life takes them. 2020 All rights reserved. Picton, ON, Farm Mutual Conference 3 Ang Mo Kio Street 62, #05-16 Link@AMK, Singapore 569139, Tel : +65 6483 1522 (CFM Infratrade Pte Ltd), Tel : +65 6481 2888 (Cheong Fatt Holdings Pte Ltd). The companies in Nonprofits Insurance Alliance are governed by boards of directors elected by the nonprofits we insure. Your D&O costs will depend on several factors, such as: The business's amount of debt. Formally organized in 1869 in the small town of Concordia, Missouri, the mutual philosophy started an honest, fast-growing company. He is also a past chair of the NAMIC PAC Board of Trustees. Board of directors insurance is a risk management option for the liabilities related to the decisions made by either a board of directors or officers who have been appointed by board members. Huntingdon, PA, Chris Brown Jacob Black President Directors and officers insurance protects the people who serve as directors and officers of a company if theyre sued by employees, customers, vendors or others. Insurance. As a former claims handler and fraud investigator, hes seen a lot, and enjoys helping others navigate the complexities and opaqueness of insurance. Our Cause? Senior Vice President, Member Experience Sarah Schnettler Our mission at CFM is to provide quality insurance at a competitive price and to offer personal, friendly and dependable service. Insurance. Bay of Quinte Mutual Insurance Company the CFM Team is readily equipped and available to help your agency thrive. Our Specialty? Rockford Mutual Insurance Company President & CEO We cant forget that, and we must keep that identity and purpose at the forefront.. Through its 150+ year history, CFM has evolved into a progressive, forward-thinking Missouri Mutual dedicated to building strong relationships with its policyholders, agents, and community leaders, providing modern, personalized insurance packages, and simply being good to people. You. The INMA Board of Directors is the association's governing body, responsible for the strategy and direction of INMA worldwide. President & CEO Jason Metz is a writer who has worked in the insurance industry since 2007. Ltd. and Standard Commerce Services Pte. Help Us Win our Fight for Nonprofits in Congress, Improper Sexual Conduct and Physical Abuse Liability, Our Enduring Commitment to the Nonprofit Sector, Top 10 Reasons 501(c)(3) Nonprofits Rely on NIA, Help Us Win our Fight for Nonprofits in Congress with the Nonprofit Property Protection Act, Nonprofits Insurance Alliance of California (NIAC), Alliance of Nonprofits for Insurance, Risk Retention Group (ANI), National Alliance of Nonprofits for Insurance (NANI). Read the D&O policy carefully and make sure you understand the coverage you are buying. Mr. Poh is an Associate of The Chartered Institute of Arbitrators, a CEDR Accredited Mediator, a Certified SIMI Mediator and a Certified Behavioral Consultant. Columbia, MO, Steve Stogner For over 20 years, CFM Group has provided our clients with low-cost insurance with great policy benefits. Spring Grove Mutual Insurance Company is governed by a board of directors elected by the policyholders. This part of coverage will protect the individual assets of directors and officers when there are costs that the business itself does not have to pay, which could include defense costs. Compare quotes from participating carriers via Simplybusiness.com. The median cost of directors and officers insurance is $1,240 per year, according to Insureon. Mutual of Indiana Insurance Company You. Mark D. McLaughlin has served as our Chair of the Board of Directors since August 2019 and as a director of the Company since July 2015. President Exclusive and Independent Agency Our mission is to provide our policyholders the invaluable peace of mind they deserve through insurance protection they can confidently trust, feel empowered by, and grow with for generations. He has been spearheading all the expansion and growth of our Group. She is a member of the Nominating Committee. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Upland Mutual Insurance, Inc. Community. The company has worked hard to preserve and respect its history while steadily moving forward in an innovative nature to maintain its status as one of the best property and casualty insurers in the state of Missouri. We want each agent encounter to be positive and productive. Bucyrus, OH, Secretary: Through hundreds of in-person and virtual events, chapters are where directors go to deepen their local networks and bring powerful governance ideas to life. So weve made it our mission to create a truly rewarding insurance experience for each and every policyholder by making sure their premium comes full circle, continuously flowing back into the places they call home. . After some twenty years in various capacitieswith Arthur Andersen, Singapore Technologies and theGovernment of Singapore Investment Corporation, hewas appointed Senior Director, Enterprise Singapore(then the International Enterprise Singapore Board)covering China operations from Shanghai, based at theConsulate General of Singapore in Shanghai. Mark Russell Together with Mdm Lim Fong Li Janet, Mr Ip was a co-founder of our Group in 1979, and was appointed as Managing Director since the incorporation of our Group. Goodville Mutual Casualty Company Agency Support - Log In | Passwords | Licensing, Director, Underwriting & Product Development, Personal Lines Underwriting - Home & Auto, Senior Executive to the President / CEO & Board of Directors. Our Cause? We dont even have a catchy jingle thats just not our style. American Family Insurance The success of this association and our companies lies with this future legacy and their courage to challenge the status quo.. General Counsel Andrew Kirkner In addition, directors and officers insurance protects the personal assets of spouses of a director or officer. Our Inspiration? To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Concordia . Your companys decision-makers set the goals and strategies for the business. Mr Ip Kwok Wing is the Executive Chairman of our Group. For more information on this announcement, contact Jacob Black directly: 660.463.2223, ext. Macon, MO, Property Casualty Conference Senior Vice President P&C Claims In addition to being a voice for our policyholders in northern Missouri, he will be our youngest director, helping in the efforts to attract and retain our next generation of policyholders.. He began his career in metal stamping, tool & dies fabrication and has an aggregate of more than 40 years of working experience in the metal stamping and tooling industries. Let's face it; traditional vacations can quickly become a huge source of stress. Steven D. Linkous CFM Insurance Team . Privacy Policy | Terms & Conditions. DENVER - The State of Colorado is seeking interested individuals to apply to serve on the FAIR (Fair Access to Insurance Requirements) Plan Association Board of Directors. Please look at our organized department breakdown below to quickly find who can best support your specific needs. Mr Chia Seng Hee is the Lead Independent Directorand Chairman of both the Audit Committee and theRemuneration Committee; he is a member of theNominating Committee. Treasurer. Elizabeth Heck, CPA Currently, he is also a director of Jack Global Consulting Pte. Paul Stueven, PFMM, FMDC Insurance. Doing this allows us to fulfill the promises weve made to our policyholders, he said. See the full leadership team at Craft. In addition to his board of directors commitments, Black has been a member of the Convention Planning Committee, the Farm Mutual Conference Board, the FMC Benchmarking Working Group, and the NAMIC Mutual Insurance Foundation Board. Prior to the meeting, the CFM Board of Directors appointed former Grundy County board member, Eric Hoffman, of Trenton, MO, to the CFM Board. For example, accusations of mismanaged funds or a bad investment could lead to a lawsuit. Dave Meyer-As the President of CFM Insurance, Dave oversees daily operations of the business while maintaining client and carrier relationships. Board of Directors - B of D: A board of directors (B of D) is a group of individuals, elected to represent stockholders . 1. Hoffman has high hopes for the start of his new journey, serving on CFMs Board of Directors: I am excited and honored to be a part of this great mutual insurance company that is CFM Insurance, Inc.
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