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Board of Directors Meeting<\/strong><\/p>\n Threadneedles Hotel, London, United Kingdom<\/em><\/p>\n April 18, 2023, 9:00 a.m. – 11:30 a.m.\u00a0<\/em><\/p>\n [\/et_pb_text][et_pb_code _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]\n Janet Beaver<\/strong> called the meeting to order at 9:11 a.m. and outlined the agenda. Dan Brown<\/strong> reminded all participants in the meeting of their obligations under the SLA\u2019s antitrust resolution.<\/p>\n Rich Gobler<\/strong> certified that the minutes of the October 2022 board meeting were accurate and correct. Terri Moran<\/strong> moved to accept the minutes as presented, Kathy Schroeder<\/strong> seconded, and the motion passed unanimously.<\/mark><\/p>\n <\/strong>[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Report of the Chair<\/u><\/strong><\/p>\n Ms. Beaver opened by discussing why the Board of Directors and SLA senior staff came to London, noting that in a post-pandemic world, it was vital to reestablish key relationships with the London insurance community. She said it was important to trade intelligence with key London contacts and get a full view of what was happening in the markets and what the appetite is for covering certain key risks. With regulators and legislators asking the surplus lines sector and the SLA what the industry might be able to do as the admitted market continues to reassess its exposure in California, having meetings with London insurance professionals would help the board and senior staff obtain and provide answers to those questions. In-person meetings help to build relationships more than Zoom meetings or phone calls, and it is those relationships that will help keep the SLA and its board in the loop.<\/p>\n Ms. Beaver noted that it was for the same reasons that the first-ever National Excess and Surplus Summit (NESS) would take place in June in New York City. That meeting, which will include board members and key staff for numerous excess and surplus line associations across the United States, is based on the premise that these associations can, and should, share intelligence and best practices and find collaborative ways to offer value to their members and their audiences.<\/p>\n Additionally, Ms. Beaver thanked Mr. Gobler, Robert Gilbert<\/strong> and Terrence Villar<\/strong> for their help in setting up meetings for the board and senior staff.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n State of the SLA<\/u><\/strong><\/p>\n Benjamin McKay<\/strong> reported on several key initiatives of the SLA, including:<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Market Report<\/u><\/strong><\/p>\n Mr. Kodama discussed key market trends and developments:<\/p>\n Mr. Leung added that with changes in leadership at the CDI, the SLA has seen an unwillingness to let LASLI applications sit for a long time. Before if there was a deficiency, CDI would just let it sit. CDI is now giving clear deadlines, and this has been noticeable in some of the withdrawals.<\/p>\n Mr. Kodama also reported on the Admitted Market Liaison Committee\u2019s annual Sacramento trip, which took place on February 7, 2023, in which the committee met with Mark Sektnan<\/strong> of the American Property Casualty Insurance Association (APCIA) and Claire Wendt<\/strong> of the Assembly Insurance Committee. The committee followed up with a call with Rex Frazier<\/strong>, president of the Personal Insurance Federation of California (PIFC). Mr. Frazier expressed frustration with the regulatory issues facing admitted carriers on homeowners\u2019 policies. Jerry Sullivan<\/strong> characterized the call as the most discouraging call he has been involved in for many years.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Operations Report<\/u><\/strong><\/p>\n Ms. Trumbly reported that the operations staff has done an amazing job taking on new responsibilities and new challenges.<\/p>\n The department\u2019s top priority is to continue to bring in top talent and it has brought in eight new hires so far this quarter. Three are currently being onboarded, as well as six interns. Interns will receive $25 per hour, paid housing, paid travel to and from San Ramon, a $500 cash advance to cover incidentals, and will be monitored throughout the program by SLA staff and member organizations.<\/p>\n Ms. Trumbly added that she heads up the committee on health and wellness and reported that her committee is encouraging employees to challenge themselves, with a steps challenge and an office walk later in April. Cohorts are giving staff members the opportunity to take on leadership roles, and have been featured on the Daily 5 at 10 show.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Coverage Code Rollout Report<\/u><\/strong><\/p>\n Jody Black<\/strong> first gave an overview of Data Analysis, which over the previous 12 months registered 885,000 transactions for $16 billion in premium, and the number of submissions continues to grow. In 2022, the Data Analysis team added 12 new analysts and is slated to bring on 15 more in 2023. The DA staff currently totals 77 employees.<\/p>\n The first project for the team was the new coverage code system, and the second is really new\u2014the broker account team model.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n Member Value Program and Membership Services Report<\/u><\/strong><\/p>\n James Greene<\/strong> provided an update on the SLA\u2019s Member Value Program and its membership services.<\/p>\n Mr. Greene also gave a quick look at membership numbers:<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]Committee Rosters<\/u><\/strong><\/p>\n Ms. Beaver noted that the board, by electronic vote, approved the Stamping Committee for 2023 on March 6, 2023. That committee includes Rich Gobler as chair, as well as Josh Koppel, John Mundelius, Kelly Tate and Andrea Ward as members. She then asked for a motion to approve all other committees, as follows:<\/p>\n ADMITTED MARKET LIAISON COMMITTEE:<\/strong> Susan Atkins (chair), Lynda Colucci, Lisa Foley, Jerry Sullivan, Tamar Tavitian, Jeffery Thomas.<\/p>\n AUDIT COMMITTEE: <\/strong>Terri Moran (chair), Janet Beaver, Rich Gobler.<\/p>\n DIVERSITY, EQUITY AND INCLUSION (DEI) COMMITTEE:<\/strong> John Washington (chair), Susan Atkins, Jon Larson, Dymphna Menendez.<\/p>\n EDUCATION AND COMPLIANCE COMMITTEE:<\/strong> Tim Chaix (chair), Carolina Calvo-Betdashtoo, Kris Bauer, Clancy Marie Johannsen, Shanna Sweeney, Tanisha Woodard.<\/p>\n LEGISLATIVE COMMITTEE:<\/strong> Hank Haldeman (chair), Tim Burnett, Rupert Hall, Paul Laufer, Tony Manzitto, John Mundelius, Allen Shiu, Jerry Sullivan.<\/p>\n SPECIAL ADVISORY COMMITTEE:<\/strong> Jon Larson (chair), Taylor Ambridge, Jeffrey Case, Darren Chilimidos, Josh Koppel, John Poucher, Johnathon Ramirez, Mark Schroeder, Kelly Tate.<\/p>\n Ms. Moran moved to approve the rosters as presented, Mr. Gilbert seconded, and the motion passed unanimously.<\/mark><\/p>\n Ms. Quilici said she was still working on the Next Generation Committee roster and will present it to the board at a later date.[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n New Business<\/u><\/strong><\/p>\n Ms. Moran asked for an update on the premium forecast and budget. Mike Caturegli<\/strong> said that the SLA had anticipated processing about $18 billion in premiums in 2023, an 11% increase over 2022, and that the SLA was trending toward that projection. While there has been a large spike in the number of transactions, the average premium is down.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Adjournment<\/u><\/strong><\/p>\n All business being concluded, Ms. Beaver adjourned the meeting at 11:21 a.m.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" April 18, 2023: Board Meeting MinutesBoard of Directors Meeting Threadneedles Hotel, London, United Kingdom April 18, 2023, 9:00 a.m. – 11:30 a.m.\u00a0\n Joint<\/strong> Board of Directors and Stamping Committee Meeting<\/strong><\/p>\n\n\n\n Monterey Plaza Hotel, Monterey, CA<\/em><\/p>\n\n\n\n June 26, 2022, 10:30 a.m.-2:30 p.m.<\/em><\/p>\n\n\n\n[table id=18 \/]\n\n\n\n An asterisk (*) indicates participation via telephone. All votes or decisions taken by the committee during the meeting are highlighted in yellow<\/mark> for easy reference.<\/em><\/p>\n\n\n\n Opening Business and Report of the Chair<\/u><\/strong> CEO Report<\/u><\/strong><\/p>\n\n\n\n Mr. McKay reported that the SLA is incredibly healthy shape. The SLA aspires to be a modern, credible leader in how it works with its audiences and in how it communicates with them, using digital communications . The information it puts out needs to be quality and needs to be correct. Being modern and credible are prerequisites for being a leader. It is important to be a leader because the markets will not follow if the SLA is not a leader. There are three overarching goals (\u201cthree caribou\u201d):<\/p>\n\n\n\n The SLA meets those goals by setting subordinate goals. The CRM speaks directly to the Member Value Program.<\/p>\n\n\n\n The SLA also has three core values:<\/p>\n\n\n\n Everyone in the organization has to have these core values for everything to work.<\/p>\n\n\n\n The SLA is the advisory organization, by statute, for the CDI. In the olden days, being the advisory organization meant the CDI would ask the SLA what was going on in the market, the SLA would ask its leaders, and the SLA would report back. But now, many of the questions get deep into analytics and the law. For example\u2014heat maps showing where all the homeowners policies are in the state. Ten years ago, the SLA could not do that. Now it can. It requires deep processing power and analytics to fulfill the SLA\u2019s role in helping to foster a healthy, fair and competitive marketplace.<\/p>\n\n\n\n The SLA is trying to realign its human and capital resources to meet its goals. A budget pivot, by definition, is a realignment of capital resources\u2014the realigning of capital to meet a strategic objective. Surveys of SLA employees tend to show approval ratings in the high 90% range.<\/p>\n\n\n\n The SLA does not have a mandatory return to the office in the wake of the COVID pandemic. It is still completely voluntary.<\/p>\n\n\n\n Mr. McKay noted title changes for Michael Caturegli and David Kodama, who were previously executive vice presidents and are now chief technology and analysis officer, and chief industry and regulatory officer, respectively. He reviewed the Senior Staff organizational chart and detailed for the board the reporting structure.<\/p>\n\n\n\n Mr. McKay talked about the various segments of the SLA\u2019s membership and how the SLA needs to reach out to top-tier members with C-suite focused messaging. For example: get the head of the construction industry to provide three minutes on camera regarding trends in the industry.<\/p>\n\n\n\n Staff Reports<\/u><\/strong><\/p>\n\n\n\n Ivan Morse <\/strong>said the 401(k) has reached a point where it needs an extra audit. Now that the pension fund has been retired, the SLA has added flexibility. Consistently, there are questions about why individual employees pay so much in fees for their 401(k). The SLA has identified a provider that will reduce the necessary fees. The current provider refuses to lower its fees. The SLA is now moving forward on transitioning its 401(k) funds, with the expectation that the transition will be very beneficial for employees. Savings are expected to be at least $100,000 a year. The total 401(k) funds are about $23 million.<\/p>\n\n\n\n Mr. Morse also reviewed the budget-to-actuals. Revenue-wise, the SLA was expecting revenues of $37.8 million in Fiscal Year 2022, and now expects to bring in about $42 million. The SLA has budgeted for $23 million and is on track to stay within that budget.<\/p>\n\n\n\n Mr. Morse briefed the board on the inflation adjustments provided by the SLA to employees making up to $102,000. Employees earning up to $55,000 received a 5% adjustment, and the remainder (between $55,000 and $102,000) received 3%. He noted that surveys show when employees leave, they usually get about 4.5%, so it is hoped that the adjustment will help the SLA avoid turnover.<\/p>\n\n\n\n Vani Ganti<\/strong> discussed the Member Value Program and the successful launch of the CRM program, a big step toward achieving one of the three caribou (the Member Value Program). It will help reduce response time by SLA teams and is being rolled out in stages, training SLA teams to use the system. About 23,000 contacts have been loaded into the program\u2014any industry individual the SLA interacts with.<\/p>\n\n\n\n Stamping Committee Report<\/u><\/strong><\/p>\n\n\n\n Stamping Committee Chair Rich Gobler<\/strong> said the stamping committee had met on June 2, 2022, to discuss a stamping fee adjustment and the staff\u2019s proposed budget pivot for the rest of Fiscal Year 2022. In the meeting, the committee voted unanimously to recommend a stamping fee change from the current 0.25% to 0.18%. It also voted unanimously to accept the proposed budget pivot.<\/p>\n\n\n\n The proposed budget pivot would be essentially a wash, with no new spending being necessary.<\/p>\n\n\n\n Mr. McKay said that the SLA\u2019s expectation was that it would bring in $42 million, roughly $5 million more than projected at the beginning of the year. That means a $19 million surplus on a $23 million budget. The stamping fee was raised in the first place because the SLA had a number of liabilities and the inversion of the yield curve signaled a recession\u2014which meant putting money in the bank and getting rid of debt. The SLA has $25 million invested in contingency funds\u2014money segregated on the balance sheet for a future purpose. It\u2019s an accounting fiction. The money is invested with the SLA\u2019s broker\/dealer. Whatever is undesignated is considered non-designated board assets. For the first time in 10 years, the SLA has non-designated assets; it has reached the maximum on its designated funds. That is probably enough to have a full year of funding if needed, and additional revenues are expected for the next year. The SLA wants to show it is a good financial steward, and a year of contingency funds is fair. Among association executives, the consensus on how much to hold in reserve varies from six months to 18 months. That\u2019s an industry standard, which has legal validity. That is why the SLA recommends lowering the stamping fee.<\/p>\n\n\n\n Mr. McKay posed the question: If there is a recession, what does that look like? SLA staff went back and looked at the recession that started in December 2007 and lasted for roughly three years. The SLA suffered declines of 3%, 2%, 19%, and 10%. On a baseline $25 million budget, and assuming the same losses, those would mean losses of $8.5 million. The SLA would have to supplement its budget to the tune of $8.5 million to maintain all current operations without layoffs or reductions in services.<\/p>\n\n\n\n For eight years, the SLA was drawing down its contingency funds. In those days, brokers were largely opposed to changing the stamping fee, which had generally been done without much notice. Brokers were either paying additional money or sending money back to insureds. The SLA promised five years with no change\u2014in fact, going seven years and one month before changing the stamping fee after the yield curve inversion. In the meantime, the SLA was getting to its minimum allowable levels for contingency funds as set by the board.<\/p>\n\n\n\n Every three years, the SLA undergoes a triennial examination reviewing all SLA processes related to the delegated authority it possesses from the California Department of Insurance (CDI). There have been no comments about the SLA having too much money, but there have been comments about it having too little money. At the last audit, the recommendation was to raise the stamping fee\u2014which the SLA had already done. Mr. McKay said he was concerned the next audit might say the SLA has too much money.<\/p>\n\n\n\n Mr. Caturegli spoke about the models the SLA uses to make financial forecasts. Inflation is a wild card. The models still show market growth, but even with a big second quarter (39% growth), May and June are on par. The growth is not going down. It is likely to be a year of double-digit increases even with no growth in the second half of the year.<\/p>\n\n\n\n The SLA noticed in quarter two of 2022 that there had been 39% growth over quarter one. In the last 22 years, that is the highest quarter-over-quarter growth the SLA has had. There wasn\u2019t any one gigantic policy that moved that number up, unlike some of the large policies that had helped spike growth in the past. The SLA is now 38% higher than it was in the first six months of 2021, with some effects from COVID still likely to have been in play. Barring anything catastrophic, even if the first half of the year has to carry the second half, the trajectory remains positive.<\/p>\n\n\n\n Mr. Caturegli also discussed how the Stamping Committee had arrived at a recommendation to change the stamping fee to 0.18%. Currently, the SLA is looking at a 19% increase in investment funds over and above what it spends. Investment accounts can be expected to climb to about $35 million. The SLA is likely to finish 2022 with 27% growth. At 0.18%, an additional $8 million could be expected to go into those accounts, increasing them to about $43 million. Another $14 million can be expected due to the lag in adjustment to the lower stamping fee. But he reiterated that inflation is not accounted for in all of these models.<\/p>\n\n\n\n Mr. Washington asked if there might be a way to redirect some of the SLA\u2019s surplus without lowering the stamping fee. Mr. McKay suggested that one possibility might be to buy a building, but the downside would be getting into the landlord business. Mr. McKay also said he was not averse to having an ad hoc investment committee created to review what the SLA is doing with investments, and directed Mr. Morse to distribute the investment guidelines to the board.<\/p>\n\n\n\n Joshua Koppel<\/strong> said that apart from a recession, it\u2019s important to consider the ebb and flow within the industry and it is important to have a cushion in case the admitted market takes on large portions of the industry\u2019s current footprint. Kelly Tate<\/strong> added that with inflation happening now, rates will have to tumble next year to account for that inflation.<\/p>\n\n\n\n Ms. Beaver said there are still many unknowns\u2014global pandemic, monkeypox, potential recession. Mr. McKay noted that lowering the stamping fee this year does not preclude lowering it again next year.<\/p>\n\n\n\n Mr. Caturegli also noted the SLA had hired a data scientist, a former professor at the University of Illinois with a Ph.D. in finance from Auburn University.<\/p>\n\n\n\n Mr. Morse concluded the presentation by going into greater detail on the budget pivot proposal outlined by Mr. Gobler.<\/p>\n\n\n\n Ms. Moran moved to adjust the stamping fee to 0.18%, effective January 1, 2023. Tim Chaix<\/strong> seconded, and the motion carried without dissent.<\/mark><\/p>\n\n\n\n Ms. Quilici moved to accept the staff\u2019s proposed budget pivot (as detailed on page 3). Mr. Chaix seconded, and the motion carried without dissent.<\/mark><\/p>\n\n\n\n Board Development<\/u><\/strong><\/p>\n\n\n\n As part of the ongoing series of board development topics, Barbara Trumbly<\/strong> discussed board member responsibilities. She noted that reading the constitution and Plan of Operation are necessary and vital for board members.<\/p>\n\n\n\n Board members are fiduciaries who need to steer the organization toward a secure future, making sure the company has adequate resources to advance its mission. Board members are tasked with legal obligations to ensure that the SLA serves its mission and benefits its members. Three primary legal duties are care, loyalty and obedience.<\/p>\n\n\n\n However, the board does not exist solely to fulfill its legal obligations or fiduciary responsibilities. Board members also play a significant role in culture, strategic focus, effectiveness, financial stability, and serving as ambassadors and advocates.<\/p>\n\n\n\n The board owns the vision of where the SLA is headed, and staff executes a detailed plan of work that stays within budget under the direction and guidance of the CEO. It is like a legislature\u2014it sets policy but does not directly execute it. The primary role of the CEO is to facilitate that strategic direction.<\/p>\n\n\n\n Closing Business and Adjournment<\/u><\/strong><\/p>\n\n\n\n Hearing no further business, Ms. Beaver adjourned the meeting at 1:41 p.m.<\/p>\n\n\n\n\n\n <\/p>\n","_et_gb_content_width":"","footnotes":""},"folder":[],"class_list":["post-1541","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1541"}],"collection":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/comments?post=1541"}],"version-history":[{"count":48,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1541\/revisions"}],"predecessor-version":[{"id":2536,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/pages\/1541\/revisions\/2536"}],"wp:attachment":[{"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/media?parent=1541"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2023\/wp-json\/wp\/v2\/folder?post=1541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n\n
\n\t Board Members Present:<\/td> <\/td>\n<\/tr>\n \n\t Janet Beaver, Chair<\/td> Aurenity<\/td>\n<\/tr>\n \n\t Rich Gobler, Vice Chair, Stamping Chair<\/td> Burns & Wilcox<\/td>\n<\/tr>\n \n\t Terri Moran, Past Chair<\/td> Paul Hanson Partners<\/td>\n<\/tr>\n \n\t Tim Chaix, Member, Education and Compliance Chair<\/td> R.E. Chaix and Associates<\/td>\n<\/tr>\n \n\t Jim Faley, Member<\/td> Vela Insurance Services<\/td>\n<\/tr>\n \n\t Robert Gilbert, Member<\/td> Markel West Insurance Services<\/td>\n<\/tr>\n \n\t Hank Haldeman, Member, Legislative Chair<\/td> AmWINS<\/td>\n<\/tr>\n \n\t Sarah Nichols, Member<\/td> Crum & Forster Insurance Brokers, Inc.<\/td>\n<\/tr>\n \n\t Pam Quilici, Member, Next Generation Chair<\/td> R-T Specialty<\/td>\n<\/tr>\n \n\t Charlie Rosson, Member<\/td> USI Insurance Services<\/td>\n<\/tr>\n \n\t Kathy Schroeder, Member<\/td> XPT Partners LLC<\/td>\n<\/tr>\n \n\t Terrence Villar, Member<\/td> AmWINS<\/td>\n<\/tr>\n \n\t Board Members Absent:<\/td> <\/td>\n<\/tr>\n \n\t John Washington, Secretary-Treasurer, DEI Chair<\/td> Arch Insurance Group<\/td>\n<\/tr>\n \n\t Others Present:<\/td> <\/td>\n<\/tr>\n \n\t Jerry Sullivan, Board Member Emeritus<\/td> G.J. Sullivan, Co., Reinsurance<\/td>\n<\/tr>\n \n\t Benjamin McKay, CEO and Executive Director<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Michael Caturegli, Chief Technology and Analysis Officer<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t David Kodama, Jr., Chief Industry and Regulatory Officer<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Barbara Trumbly, Senior Vice President\t<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Jody Black, Vice President, Data Analysis<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Cliston Brown, Vice President, Public Affairs<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Vani Ganti, Vice President, Technology<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t James Greene, Vice President, Digital Communications<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Glenn Leung, Vice President, Financial Analysis<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Ed Derentz, Digital Communications Specialist<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Tam Duong, Digital Communications Specialist<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Dan Brown, Counsel<\/td> Eversheds Sutherland<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/et_pb_code][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]NOTE: Votes taken by the board are highlighted in yellow.<\/em>[\/et_pb_text][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]Opening Business<\/u><\/strong><\/p>\n \n
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\n\t Board Members Present:<\/td> <\/td>\n<\/tr>\n \n\t Janet Beaver, Chair<\/td> Aurenity<\/td>\n<\/tr>\n \n\t Rich Gobler, Vice Chair, Stamping Chair<\/td> Burns & Wilcox<\/td>\n<\/tr>\n \n\t Terri Moran, Past Chair<\/td> Paul Hanson Partners<\/td>\n<\/tr>\n \n\t Tim Chaix, Member, Education and Compliance Chair<\/td> R.E. Chaix and Associates<\/td>\n<\/tr>\n \n\t Jim Faley, Member<\/td> Vela Insurance Services<\/td>\n<\/tr>\n \n\t Robert Gilbert, Member<\/td> Markel West Insurance Services<\/td>\n<\/tr>\n \n\t Hank Haldeman, Member, Legislative Chair<\/td> AmWINS<\/td>\n<\/tr>\n \n\t Sarah Nichols, Member<\/td> Crum & Forster Insurance Brokers, Inc.<\/td>\n<\/tr>\n \n\t Pam Quilici, Member, Next Generation Chair<\/td> R-T Specialty<\/td>\n<\/tr>\n \n\t Charlie Rosson, Member<\/td> USI Insurance Services<\/td>\n<\/tr>\n \n\t Kathy Schroeder, Member<\/td> XPT Partners LLC<\/td>\n<\/tr>\n \n\t Terrence Villar, Member<\/td> AmWINS<\/td>\n<\/tr>\n \n\t Board Members Absent:<\/td> <\/td>\n<\/tr>\n \n\t John Washington, Secretary-Treasurer, DEI Chair<\/td> Arch Insurance Group<\/td>\n<\/tr>\n \n\t Others Present:<\/td> <\/td>\n<\/tr>\n \n\t Jerry Sullivan, Board Member Emeritus<\/td> G.J. Sullivan, Co., Reinsurance<\/td>\n<\/tr>\n \n\t Benjamin McKay, CEO and Executive Director<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Michael Caturegli, Chief Technology and Analysis Officer<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t David Kodama, Jr., Chief Industry and Regulatory Officer<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Barbara Trumbly, Senior Vice President\t<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Jody Black, Vice President, Data Analysis<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Cliston Brown, Vice President, Public Affairs<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Vani Ganti, Vice President, Technology<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t James Greene, Vice President, Digital Communications<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Glenn Leung, Vice President, Financial Analysis<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Ed Derentz, Digital Communications Specialist<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Tam Duong, Digital Communications Specialist<\/td> Surplus Line Association of CA<\/td>\n<\/tr>\n \n\t Dan Brown, Counsel<\/td> Eversheds Sutherland<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nNOTE: Votes taken by the board are highlighted in yellow.Opening Business Janet Beaver called the meeting to order at 9:11 a.m. and outlined the agenda. Dan Brown reminded all participants in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"\n June 26, 2022: Joint BOD & Stamping Com. Meeting Minutes<\/h1>\n\n\n\n\n\n
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A quorum being present, Janet Beaver<\/strong> called the meeting to order at 10:58 a.m. and Benjamin McKay<\/strong> advised participants of their obligations and responsibilities under the SLA Antitrust Resolution.John Washington<\/strong>, secretary\/treasurer, certified that the minutes of the October, 2021 board meeting were true and correct. Terri Moran <\/strong>moved to approve the minutes as presented, Pam Quilici<\/strong> seconded, and the motion carried without dissent.<\/mark>Ms. Beaver gave then framed the meeting and provided some highlights, including the launch of the SLA\u2019s customer relationship management (CMS) system and the transition by the SLA to a new 401(k) vendor, noting that further details would be provided during staff reports.<\/p>\n\n\n\n