MARCH 2016 CHAPTERGRAM

Dear Minnesota CPCU Society Chapter Members:

The first part of 2016 has been moving at rapid speed and it seems that time is flying by. I am proud to report that the Chapter had an excellent meeting in January and we have another excellent Chapter meeting schedule for the 24^th of March. The focus of the March meeting will be “Risk Management in the Age of Terrorism”.  I am really excited to hear what the speakers have to present and I also am excited to see as many of you at the meeting as possible.

The national CPCU Conferment Ceremony this year is in the state of Hawaii which usually causes the CPCU “New Designee” class to swell. I would encourage all of you to reach out to a “New Designee” that is in your circle of influence. I am sure that you have been a good example to them already. I would like to have each CPCU member continue to mentor other CPCU’s to help them reach the potential that the CPCU designation can bring them. The Minnesota CPCU Chapter has more than enough room for CPCU’s that want to help and contribute at the Chapter level. We have a great core of individuals that make the Chapter run and I really appreciate them and all of the hard work that they put in.

If you would like to become more involved in the Minnesota CPCU Chapter and would like to volunteer your time to other CPCU’s, please let me know or another member of the Chapter Board know and we can put you to work. Have a great month and I hope to see you soon.

Sincerely,

Brian R. Bent, CPCU, ARM, MS | Minnesota CPCU Chapter President

The Good Works  Committee is planning a volunteer opportunity for Sat, May 14, 2016, 9:00 AM - 11:00 AM  at Feed My Starving Children.

This has become a yearly  tradition of helping this local charity, with global impact. Families are welcome and school children can participate with adult supervision.

Those interested in signing up, please contact Cyndi Wright at:  cyndi.wright@wnins.com or 952-921-5618.  There will be a brief social time afterwards, outside the FMSC building. 
FMSC  990 Lone Oak Road, Suite 136 Eagan, MN 55121  

Current and topical education is a key value of CPCU members according to our 2015 member survey.  Are you taking advantage of the on-going technical and topical education offered by CPCU Society?  You can share the knowledge by organizing a small group of co-workers to attend a webinar and help your team grow professional skills. 

For example the next Webinar is on Wednesday, March 9, 2016  2:00 pm Eastern. This webinar is presented by the CPCU Society and the Academy of Insurance. Register for a group - Free if you are a CPCU member. 

Loss of Income After the Business Reopens and Insurable vs. Compensable Business Income

Who should attend: Anyone who is responsible for recommending, writing, or underwriting business income coverage--from the novice to the most experienced insurance professional--will benefit from this webinar.

What it’s about: This webinar will address extended business income coverage and the difference between income that is insurable and the amount of business income that is paid. The difference between "operational capability" (the ability to operate at pre-loss levels) and pre-loss operational income levels will also be discussed, and participants will learn why the amount of insurable business income developed using the Business Income Report and Worksheet (CP 15 15) is greater than the amount of compensable business income paid following a loss--and why this is OK.

At the conclusion of this webinar, the active participant will understand:

• The truth about the time needed to return to pre-loss income levels
• How the insured's business affects the amount of time needed to return to pre-loss income levels
• Why the amount of business income insured may be more than the amount paid
• The gap between insured and compensable business income

Learn more about Webinar resources available FREE to CPCU members.  Topics are arranged in three groups: Techincal Skills, Leadership Development, Career Management 

81 Pre-recorded webinars available for re-play at your convienence.