Events and News
2010 Winter Meeting of the LOMA Society -- Tuesday, March 2
Submitted by lomatcedit on Tue, 2010-02-02 23:31. Events and News2009 Fall Recognition Dinner -- Tuesday, October 6
Submitted by lomatcedit on Mon, 2009-07-13 23:34. Events and News2009 Half Day Spring Seminar -- Tuesday, May 19
Submitted by lomatcedit on Mon, 2009-05-11 04:24. Events and NewsThe LOMA Society of the Twin Cities will hold its 2009 spring seminar at Catholic Aid Association, 3499 Lexington Ave, St Paul, MN on Tuesday, May 19th, from 8:00 a.m. until 12:00 noon. The topic for the seminar is 'How to Weather Challenging Times". After a buffet breakfast served from 8:00 - 8:30, the following speakers will address the attendees:
8:30 "Preparing Resumes to Advance Your Career Within Your Company" Speakers: Lynn Card, HR Staffing Consultant and Jan Steffen, HR Talent Acquisition from The Hartford
LOMA Society of the Twin Cities Holds Winter Meeting
Submitted by lomatcedit on Mon, 2009-05-11 04:10. Events and NewsThe LOMA Society of the Twin Cities of Minneapolis and St. Paul held its Winter Meeting on March 3 at Edinburgh USA in Brooklyn Park. Following a buffet dinner, Society President Genevieve Stadtler welcomed the attendees and conducted a brief business meeting.
The evening’s keynote speaker was Bill Gould, Second Vice President, Individual Actuarial & Finance, from the Minnesota Life Insurance Company, who delivered a presentation entitled, “Challenges & Opportunities for 2009.” Mr. Gould’s talk began with a recap of the dramatic financial downturn in 2008. It was noted that the equity markets declined from 30-50% and the market capitalization of public insurers plunged. Many companies experienced substantial losses. Yet, the life insurance industry fared better than most. Investments are generally of a higher quality and there is often a longer duration on liabilities. Additionally, cash flows remain strong and there has been far less leverage in the industry. However, Bill noted that we could clearly expect more government involvement as a result of the Troubled Assets Relief Program (TARP) and the Capital Purchase Program (CPP), the new federal assistance programs. However, insurance companies must form or buy a bank holding company in order to be eligible for TARP/CPP assistance. Many major companies have applied for assistance, including Hartford and Prudential. The insurance industry can also expect additional regulations from the various regulatory agencies such as the Financial Industry Regulatory Authority (FINRA), the National Association of Insurance Commissioners (NAIC), the Securities and Exchange Commission (SEC), and the state insurance departments. Yet, there may be opportunities for regulations to become more focused, which could improve certain aspects of the regulatory process. Mr. Gould also noted that one overriding issue is consumer trust, which is paramount to our industry. Rating agencies will take a hard look at the industry and greater emphasis will be placed on liquidity, solvency, and diversification. More companies may find themselves in financial distress and there may be additional consolidations and acquisition opportunities. Bill concluded his insightful and engaging talk by commenting that insurance products did not drive these current problems. A “flight to quality” is occurring and prudent companies will be rewarded even in these difficult times.
2008 Spring Seminar - Tuesday May 20, 2008
Submitted by lomatcadmin on Mon, 2008-04-21 03:10. Events and NewsWinter 2008 Meeting
Submitted by lomatcadmin on Sun, 2008-04-20 21:42. Events and NewsScholarship Applications Due June 30, 2008
Submitted by lomatcadmin on Sun, 2008-04-20 21:39. Events and NewsThe LOMA Society of the Twin Cities Scholarship program will award a $500.00 scholarship in 2008 for post-secondary education. Students may be an accepted first year or continuing student.
Eligible students are members of the LOMA Society of the Twin Cities in good standing, their children, grandchildren or spouse. New FLMI designees eligible for membership in the LOMA Society of the Twin Cities are also eligible if they receive their designation prior to the application deadline of June 30, 2008.
A statement of personal goals or development plan must be submitted for post-secondary students. Members or associate members must submit a statement of how their LOMA educational achievements or society membership has helped them. Details are included in the Scholarship Program Guidelines.
New Member Recognition Meeting
Submitted by lomatcadmin on Sun, 2007-10-21 22:41. Events and NewsOn October 1st, 2007, the LOMA Society of the Twin Cities hosted our annual Recognition Meeting at Jax Cafe, 1928 University Avenue NE, Minneapolis, MN 55418, Phone: (612) 789-7297.
Speaker: Jason Busch, Internal Sales Manager, Life Case Design Team Allianz Life Insurance Co. of North America. He spoke on the importance of education in our industry.
Congratulations to the Twin Cities insurance professionals who earned new LOMA designations over the past year (since September 1, 2006).
Spring Seminar 2007 Recap
Submitted by lomatcadmin on Sun, 2007-10-21 22:23. Events and Newsmakes toys for needy children. Paul shared with us the story of T.L.C. Toys and its founder, Mel Hartman.
2007 Winter Meeting Recap
Submitted by lomatcadmin on Mon, 2007-05-21 22:16. Events and NewsThe evening’s keynote speaker was Laurie Kimball, who delivered an engaging presentation entitled, “Stress: What, Who, Why and How or the Ups and Downs of Stress.” Her talk focused on recognizing and managing stress.
