energy insurance mutual embers repor · the morning ended with kevin mitnick, a largely self-taught...
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MEMBERS REPORTVOLUME 19, ISSUE 2 APRIL 2005
E N E R G Y I N S U R A N C E M U T U A L
After 16 consecu-tive years at theI n n i s b r o o kResort, near Tar-
pon Springs, FL, the 20th
annual Risk ManagersInformation Meeting inFebruary 2006 will be at theOmni Orlando Resort atChampionsGate, near Orlan-do’s Disney World.
In making the announce-ment at the 19th annualRMIM, EIM President DavidHadler said ChampionsGateis an outstanding new facilitythat offers a wider variety ofthings to do, including world-class golfing facilities.
“From everything I haveread about this facility, youshould look forward to hav-ing a great time,” David toldthe attendees. “In Orlando,there are more activities fornon-golfers, plus, of course,we will be very close to WaltDisney World.”
The Omni Orlando Resortat ChampionsGate, whichopened in October 2004,describes itself as Florida’s
newest luxury golf and meet-ings-destination resort. TheMediterranean-style hotelfeatures 730 guest rooms andsuites, more than 70,000square feet of meeting space,and a 10,000-square-footEuropean-style spa.
Open for four years atChampionsGate are twochallenging par-72 champi-onship golf courses, theNational and the Internation-al, designed by golf great,Greg Norman. The courseshave been honorably men-tioned in Golf Magazine’s“10 Most Distinctive Placesto Play.”
The Omni Orlando Resortis the centerpiece of Champi-onsGate’s 1,200-acre golfresort community. Champi-onsGate is near Orlando’smany popular attractions butsituated in a relaxed, naturalsetting carefully designed tocomplement its Florida sur-roundings.
Visit the property by goingto its website: www.omniorlandoresort.com.
2006 Risk Managers Information Meeting Moving to New
Resort in Central Florida
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Participation at the Company’s 19th annual Risk Managers InformationMeeting—held Feb. 27 to March 1 at Westin Innisbrook Resort, near TarponSprings, FL—crossed the 300-mark for the first time, with 303 people partic-ipating in the meeting.
At the 1999 RMIM, 299 people participated. That was the all-time high until thisyear’s meeting.
The two primary business sessions, the first on Mon., Feb. 28, followed by the otheron Tue., March 1, included a variety of reports and presentations.
A production company from Orlando, called PGI, literally turned the meeting roomaround this year and established a high-energy environment for both days with music andvisuals that featured attendees and speakers from all 19 RMIMs.
Monday’s SessionThe opening “walk-in” production recognized Karl Ogren as the only Risk ManagerRepresentative who has attended all 19 Risk Manager Information Meetings. Karl isretiring this year from UIL Holdings.
EIM Chairman Bruce Worthington then welcomed the group and introduced fourother EIM Board members who were in attendance as well as members of the Company’sInsurance Advisory Committee, both present and past.
Three management reports began the presentations: David Hadler, EIM president,reported on 2004 operating results; Jill Dominguez, vice president-underwriting,focused on Membership and product issues; and Sam Garvin, vice president and CFO,reviewed the 2004 financial results.
Colleagues from Willis, Todd Jones and Ann Longmore, covered jointly “ExecutiveRisk—Proliferating Liability for Directors and Officers.”
The morning ended with Kevin Mitnick, a largely self-taught expert in exposing thevulnerabilities of complex operating systems and telecommunications devices, speakingon “Social Engineering.” Copies of Kevin’s book, The Art of Deception, were given tothose in attendance.
Tuesday’s SessionNeil A. Doherty, the Frederick H. Ecker Professor of Insurance and Risk Management atthe Wharton School, began the second morning’s business session. His subject was “TheEvolving Functions of Risk Management.”
“The Future of the Energy Industry” was Arthur J. O’Donnell’s subject. Arthur is theeditorial director for Energy Central, an internet-based provider of news and informationabout the energy industry and senior editor of EnergyBiz, a bi-monthly that is publishedby Energy Central. Copies of the January/February issue were made available.
Steve Rizzo, a headlining comedian for over 18 years, addressed “Humor in the WorkPlace.”
The second day closed with a Members Only session that was led by IAC ChairmanBill Powell. A Q&A format was used, with management and IAC members respondingto a variety of questions and comments.
303 AttendEIM’s 19th
AnnualRisk
ManagersInformation
Meeting
2005 Risk Managers Information Meeting
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Attendees arrive, via shuttle buses, for the continental breakfast and opening day’s business meetings.
This year’s meeting, on both days, began with a highly entertaining visual presentation of photos from the previous 18 Risk Manager Information Meetings.
The video production on Monday ended with the introduction of EIM Chairman Bruce Worthington who welcomed everyone to the meeting.
MONDAY’S SESSION
2005 Risk Managers Information Meeting
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EIM President David Hadler kicked off the three management presentations on Monday morning.
Although you cannot please everyone all of the time, I have to believe we came about asclose as possible—and I’m speaking of the 19th annual Risk Managers InformationMeeting. My hat is off to the staff.
My first EIM Risk Managers Information Meeting was in 1992. Looking back, I now appreci-ate even more how far the Company has come in organizing and presenting a truly professionalmeeting. And it’s far more than the high-tech touches that the experts from PGI brought to the 2005meeting.
I found the management presentations remarkably forthright. David, Jill, and Sam thoroughlybriefed us regarding where EIM is today on products, underwriting, claims, future distributions,reinsurance, and financials. More importantly, they provided insight into the organization’s future.I think we can honestly say that EIM management is transparent in its operations.
The subjects of the guest speakers were varied and very informative. I think this year’s mix wasthe best yet. I’m sure several of the speakers were favorites of someone’s. Each speaker was out-standing.
While there’s plenty of time for networking with our peers, one of the reasons why we all cometogether each year, I also like “rubbing shoulders” with EIM management, Board members, andunderwriters. It helps put a face on the Company, and it reinforces our strong working relationships.
I trust that you found the Members Only session helpful as well as interesting. As I said duringthat session, we are free to use that time, with management’s blessings, in whatever way we, theRisk Managers, think best. We could continue with our Q&A format, or arrange for topical pre-sentations, or have a panel discussion, or whatever else you might like. Do let me have yourthoughts. My e-mail address is [email protected].
On page one of this issue of Members Report, there’s a story about next year’s meeting being ata new venue: Omni Orlando Resort at ChampionsGate. I encourage you to go to its website:www.omniorlandoresort.com. You’ll discover an amazing place where there is championship golfand so much more. Save the dates: February 26-28, 2006, to help celebrate EIM’s 20th anniversaryyear.
I’m betting on another winner. Be there.
IAC NOTES
About as Good
as It Gets
By Bill Powell, IAC Chairman
MON
DAY’
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2005 Risk Managers Information Meeting
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Jill Dominguez, vice president-underwriting, reviewed Membership and product performance.
Monday’s audience listens as the Company’s CFO, Sam Garvin, vice president-finance, reviewed the 2004 financials.
Ann Longmore Kevin MitnickTodd Jones
MONDAY’S SESSION
2005 Risk Managers Information Meeting
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From left, Bruce Worthington, PG&E and EIM chair-man, and David Hadler, EIM.
The attendees mingle during the break.
From left, Edsel Carlson, TECO Energy; Wayne Bailey,New York ISO; Bob Semet, Exelon and IAC member; andDave Kasparek, PNM Resources.
Seated, from left, Jorge Weiss, Marsh; Pat Buck,CH Energy; and Rich Straney, SEMCO Energy.Standing, left, Joe Spinozzi, CH Energy.
From left, Jessica South, WesternElectricity Coordinating Council, andKathryn Burgau, Otter Tail.
From left, Mark Johnson, NRG Energy; DennisWilder, Marsh; and Phil Chesson, NRG Energy.
From left, Chris Howell, Dominion Resources;Darren Sonderman, McGriff; and Robert Moussaid,AEP.
From left, Barrie Brejcha and GerryHayes, each with Baker & McKenzie, andDavid Hadler, EIM.
MON
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2005 Risk Managers Information Meeting
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From left, Morton Plawner, Ken Brockman, andMark Kahrer, all of PSEC Services.
From left, Jan Wilson, Mirant; Forrest Strachan, PJM Interconnection; andJean Hinson, SCANA.
Mark Dodson, NW Natu-ral and EIM Board vicechairman.
From left, Joe Spencer, FirstEnergy, andCabot Wigger, Marsh.
From left, Ginny Penzell, El Paso Corp.; Gary Reinsch and Sheryl Winslett,each with McGriff; and Gary Meggs, Southern Company.
From left, Gary Little, Progress Energy; JimHess, Duke and IAC member; and Steve Foster,Anadarko Petroleum.
From left, Ronald Krutzman, Laclede Group;David Abstance, SCANA; and Jack Eans, McGriff.
From left, Candyce Eller, EPPIC; Jack Hadsall,City Utilities of Springfield, MO; and GaryMorrow, Great Plains Energy.
MONDAY’S SESSION
2005 Risk Managers Information Meeting
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From left, Bill Powell, SRP and IAC chairman,and Dudley Reynolds, Alabama Gas and EIMBoard member.
From left, Joe Spinozzi and Pat Buck each with CH Energy; Deana Edmonds,EIM; Jorge Weiss, Marsh; and Sandra Imbriani, EIM.
From left, Dave Nalepka, WPSResources, and David Sjulin,Alliant Energy.
From left, Dan Sparks, Chesapeake Energy; Paul Brown,Meyers-Reynolds; and Steve Foster, Anadarko Petroleum.
From left, Pat Burke, Offenhauser; Jim Hatfield,OGE Energy and EIM Board member; and BobSmith, also OGE Energy.
From left, Tim Bucci, NiSource, and JerryRivers and Terry Nichol, each with Park(Bermuda).
From left, George Schuitema, Peoples Energy and IAC vicechairman; Mike Hulsey, City of Richmond, Dept. of PublicUtilities, and IAC member; and Michael Prins, Hays.
From left, Ron Cook, Ohio ValleyElectric, and Michelle Wieler, IroquoisGas Transmission.
MON
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2005 Risk Managers Information Meeting
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From left, Jim Lathers, Sempra Energy; John Vinski andKirk Cresto, each from Sierra Pacific.
From left, Robert Hughes, CenterPoint; Kathy Griffith, Reliant Energy;Hilton Berger, McGriff; and Iris Pelzer, E.ON Risk Consulting GmbH.
From left, David Kasparek, PNM Resources; Wayne Bailey,New York ISO; and Edsel Carlson, TECO Energy.
Bill Sullivan, PG&E.
From left, Kaye Patrick, EIM, andMichelle Ashton, Questar.
From left, Pat Hurley, ConEd; Mike Devine, Marsh;and Jerry Rhoades, Portland General.
From left, Jim Pritt, Energy Corporation of America; Dee McGowan,Grant County PUD; Robert Moussaid, AEP; and Barbara Lupo,KeySpan.
From left, Mary Harkins, McGriff; KarenLarson, AEGIS; and Lenore DuBaldo, WilliamsCompanies.
MONDAY’S SESSION
2005 Risk Managers Information Meeting
10
2005 Risk Managers Information Meeting
From left, John Ireland, Northeast Utilities; Andrea Horigan,Long Island Power; and Evan Mandigo, Basin Electric Power.
From left, Tom McDonnell, FirstEnergy; Karl Ogren, UILHoldings; and Gerry Hayes, Baker & McKenzie.
From left, Scott Leiman and Larry Baccari, eachwith EIM.
From left, Willie Keliinoi, Hawaiian Electric; Kathy Dang, Marsh;and Jim Pritt, Energy Corporation of America.
From left, Mike Hogue, Constellation Energy,and Bob Semet, Exelon and IAC member.
John Floras, OntarioPower.
From left, Andrea Horigan, Long Island Power, and AnnJoslin and Jill Towell, each EIM.
From left, Kimberly Radt, New YorkPower, and Jessica South, WesternElectricity Coordinating Council.
TUES
DAY’
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Arthur O’Donnell Steve RizzoDonna Dunlap, EIM, introducing guestspeaker Steve Rizzo.
Bill Powell Mike Wilson
Neil Doherty Jill Dominguez, EIM, introducing guestspeaker Arthur O’Donnell.
Gary Meggs, Southern Company, intro-ducing guest speaker Neil Doherty.
TUESDAY’S SESSION
2005 Risk Managers Information Meeting
MEM
BERS ONLY
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EIM’s Members Report is published up to four times per year. The Company’s annual report is published in May.
Comments, questions, and suggested subjects from Members are sincerely welcomed.
Please send information to the EIM office in Tampa.
Energy Insurance Mutual, Bayport Plaza, Suite 550
3000 Bayport Drive, Tampa, FL 33607-8412
1-800-446-2270 ■ Telephone: (813) 287-2117 ■ Telefax: (813) 874-2523
www.eimltd.com
MEMBERS REPORTE N E R G Y I N S U R A N C E M U T U A L
John Luley Gil GouldJim Hess
Ron Cook Jerry RhoadesJoe Spencer Bob Frounfelker
MEM
BERS
ONL
Y
2005 Risk Managers Information Meeting