Showing posts with label federated insurance. Show all posts
Showing posts with label federated insurance. Show all posts

Monday, November 16, 2009

Driving age to rise?

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The Government has young drivers in its sights in a battle to lower the road toll, with proposals to raise the driving age to 16 or 17 and extend learner licences.

Transport Minister Steven Joyce said drivers aged between 15 and 24 were "seriously over-represented" in crash statistics.

Young people made up 16 per cent of licensed drivers but were responsible for 37 per cent of serious injury crashes. Mr Joyce said the Government could not ignore the statistics. "There are too many young people dying on our roads," he said.

He wanted a package of proposals before Cabinet early next year, including raising the driving age, extending the learner-licence period to 12 months – from the current six-month minimum – and making the test for a restricted licence tougher to encourage 120 hours of driving practice.

The Government will also consider restricting learner and restricted licence-holders from driving high powered or modified cars, and introducing compulsory third-party insurance. Young drivers who breached graduated licences could have their cars impounded.

Waikato Federated Farmers president Stew Wadey said raising the driving age would not be popular with rural families, who lived some distances from schools and services teenagers needed.

Mr Wadey argued rural families would be "penalised for the probably more ill-disciplined driving in the cities that is causing the (crash) statistics". He expected the prospect of a raised driving age would be discussed when the National Council of Federated Farmers meets next week in Wellington. Mr Wadey also stressed there was a need for "more discipline" in driving and road use and "more emphasis placed on parental responsibility."

Roger Leaf, of Hamilton's Black & White Driver Training, believed the learner's licence age should stay at 15. Raising the age to 16 would make no difference and he supported longer, graduated driver-licensing periods, and a tougher test for the restricted licence. "It's something that can't be fixed overnight. I don't have a problem with what they're doing if it reduces the risk of crashes," he said.

Young people spoken to on Hamilton's Te Rapa Rd last night were surprisingly receptive to the prospect of tougher tests for licences.

One 18-year-old man said the restricted licence test was "too easy", and he agreed the period should be extended so young drivers got more experience. He said young drivers needed more thorough training including mandatory driving lessons, and conceded that most young people were "probably not responsible" in cars.

The teens said plenty of their peers did not abide by licence conditions and were reckless behind the wheel.

A 17-year-old man – who admitted he'd previously lost his licence for "a sustained loss of traction" – felt the driving age should stay at 15, but he believed there was a need to extend the learner's licence period beyond 12 months. "The ages should stay the same, but the tests should be better," he said.

"The restricted licence is so easy to get."

Month-End Portfolio Data Now Available for Federated Investors' Closed-End Municipal Funds

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Federated Investors, Inc. today announced that monthly fund composition and performance data for Federated Premier Municipal Income Fund (NYSE: FMN) and Federated Premier Intermediate Municipal Income Fund (NYSE: FPT) as of Oct. 31, 2009 are now available in the Products section of FederatedInvestors.com. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x8079, email CEinfo@federatedinv.com or write to Federated Investors, 1001 Liberty Avenue, Floor 23, Pittsburgh, Pennsylvania 15222.

Federated Investors, Inc. (NYSE: FII) is one of the largest investment managers in the United States, managing $392.3 billion in assets as of Sept. 30, 2009. With 150 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to nearly 5,300 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.

What Lies Ahead: Incoming TIA President Outlines Plans for Coming Year

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In the midst of this unprecedented economic turmoil, and with the entire automotive and commercial tire sectors still struggling, there are probably very few people who would look forward to taking the helm of a major tire association.

However, as I assume the presidency of the Tire Industry Association (TIA), I see far more positives than negatives. For starters, being able to take the presidency of TIA from an expert like Dan Beach is a huge plus. He has served the association well over these last 12 months as president. Dan tackled the difficult challenges we faced this past year head-on. His tenacious attitude was well-timed for the association.

I will continue the efforts to push for TIA to lead the consumer education effort mandated by the 2007 Energy Bill, which called for a tire fuel efficiency labeling and consumer education program. As TIA Executive Vice President Roy Littlefield explained in his Aug. 21 comments to NHTSA, dialogue between the tire sales associate and the customer at the point of sale is absolutely critical to the success of any consumer education program. TIA is a world leader in tire service training; we understand tire dealers better than anyone. And no one understands the customer better than our members. Thus, it’s a clear and logical conclusion that TIA is best equipped to handle such an important task. This is my number one goal for my term as TIA president. We have worked hard to earn this opportunity, and I believe that TIA is best suited and most qualified to lead this very important consumer education program.

Another of my goals is to continue the strong member program lineup TIA currently has. As chair of our Member Services & Benefits Committee for the past four years, I have been very much involved in the development of many of these programs. In 2009, TIA added Federated Insurance, Ceridian payroll/HR services, a package shipping discount with FedEx, ContactPoint sales training, and a partnership with Kiely Hines, which offers our members innovative and affordable health insurance.

With the addition of these programs, we have increased the potential savings to a TIA member who uses our programs to more than $27,000 a year. I encourage all of our members to take a look at these programs. They offer real savings that could help them get through these difficult economic times. We are working on a few new and exciting benefits that I hope to announce in the upcoming months.

As I mentioned above, TIA is a world leader in tire service training. This year has proven to be one of the best ever for our training department. We have greatly expanded our CTS and ATS training classes to meet booming demand. We are continuing the success of the TIA TPMS Relearn Chart with an update. We released the first-ever TIA training program for earthmover tires for the OTR industry. This state-of-the-art training program earned a Telly award, which, in the training arena, is the equivalent to an Oscar. And, we have totally revamped our Commercial Tire Service training and certification course.

In the coming year, we are exploring the possibility of updating our very successful Automotive Tire Service program; it may even include the addition of a comprehensive component on TPMS. Even during these difficult times, the smart tire business owners realize the value and importance of TIA training and certification. We continue to train hundreds of automotive, commercial and OTR tire service professionals each year, ensuring that millions of people ride on safe, well-maintained tires.

In addition to our work on the consumer education mandate of the Energy Bill, TIA has also been in the forefront of many of the governmental issues that are critical to the tire industry. We have been very much involved in the battle to prevent punitive tariffs on affordable tire imports from China. Additionally, we will continue our work on Capitol Hill in regards to health care, as it has taken on a whole new level of urgency with the mandate by President Obama to have a health care bill drafted by year’s end. Our work has not been restricted to the federal level. At the state level, we have been involved in several battles, including the one in California to prevent draconian measures against tire dealers from taking effect in respect to the issue of tire aging. We also continue to advocate Right to Repair legislation at the state level. All of these issues will be active in the coming year, and TIA’s members can rest assured that we will continue to vigorously defend their interests.

In terms of TIA’s events, 2009 was definitely a year of change and affirmation. While we made the decision to eliminate the Commercial Tire, Retread and Recycling Conference, our 2009 OTR conference continues to be that sector’s must-attend event.

And, for our Tires, Wheels & Equipment Section of the SEMA Show this year, we’ve made some bold changes. We eliminated the Breakfast with the President, replacing it with a Wine & Cheese Social and Tire Industry Honors, a new event that will honor the legends – both current and past – of the tire industry. This event was my vision, and I created it with the intent for it to quickly become THE place that the entire tire industry comes together to honor those who have made this industry great. We will recognize this year’s Tire Industry Hall of Fame inductees, and, we are excited to announce that all three major tire trade publications – including Tire Review, which will be presenting its Top Shop Award – will also be participating in this event. We have also created an International Roundtable – Best Practices in the Tire Industry & International Review of Industry Regulations.

Our 2010 events are shaping up very nicely. The 2010 OTR Conference will be held Feb. 17-20 at the beautiful Westin La Paloma Resort & Spa in Tucson, Ariz. We will have a rare opportunity to be part of a Caterpillar tour to witness OTR equipment in action. Anyone involved in the OTR sector knows this is the must-attend conference of the year. And, we are as committed as ever to maintaining our TWE Section at SEMA. This event remains the most important consumer tire and wheel show in North America, and I encourage everyone to attend.

I will also continue our efforts to effectively communicate with our membership, the media, the general public and the tire industry – both within the U.S. and around the world. We are expanding into electronic communications, such as via our Web site and e-mail. We have begun to “go green” at TIA. Our newsletter – The Business Owner – is available digitally to all members. In addition, with my background in the software industry, I plan on exploring the possibilities that lie ahead for TIA in the social marketing arenas.

Finally, I would be remiss if I didn’t mention the fact that I, along with TIA Executive Vice President Roy Littlefield and the staff and Board, will continue to make TIA the preeminent tire organization in the world. We continue to constantly look for ways to make the association more efficient, more dynamic, more responsive, and an even greater value to our membership.

Business and professional news

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Staff Sgt. Thaddeus Cook was recently assigned to the Air Force recruiting office at 1117 Sixth St. N.W., in Barlow Plaza. Cook will support the Air Force Recruiting Service in Rochester and surrounding communities.

Cook is a recent graduate of the Air Force Recruiting School in San Antonio, Texas. Prior to this assignment, he was a pharmacy technician at Andrews Air Force Base in Maryland.

Buckingham earns kudos

Former West Concord resident Traci Buckingham has been named to Crain's Chicago Business' 40 Under 40. The annual list published by Crain's profiles 40 of Chicago's business leaders under the age of 40.

Buckingham is a 1990 graduate of West Concord High School and the daughter of Corky and the late Roberta Buckingham. She is a broker at CB Richard Ellis Inc., and her client roster includes Best Buy, Caterpillar Inc. and IKEA.

RCTC's Mercer wins award

Rochester Community and Technical College faculty member Bonnie Mercer has received a Townsend Developmental College Teaching Award.

John Langan, president of Townsend Press, says Mercer is one of those teachers who "on a caring and steady basis, semester after semester, provide persistent, patient, sensitive and respectful support -- honoring the dignity and humanity of those in their classes."

Mercer will receive a $1,000 award.

Common Ground hires four

Common Ground has hired Doug Schommer as its new community outreach director and named three other new hires.

Schommer has served on the Board of Directors of the Cronin Home since 1999 and currently serves as vice president. The Cronin home, in Rochester, provides residential housing for chemically dependent patients. Schommer also chairs the development committee and has been active in the DARE program in Winona County.

Other new hires at Common Ground are:

• Drew Martin, counselor. A native of Minneapolis and now Rochester resident, Martin has a bachelor's degree in family social science. Having worked in a variety of in-patient and out-patient capacities, he most recently worked three years with the methadone and opiate addiction clinic.

• John Podvin, counselor working with the men's primary program. A native of the Twin Cities and now Rochester resident, Podvin has a bachelor's degree. Most recently, he worked at the Guest House for seven years.

• Megan Blake, dependency technician. She is attending Rochester Community and Technical College to earn a degree in human resources, and she assists with groups and in the business office.

Common Ground, formerly Rochester Behavioral Health Services, has been in business since 2001. It offers a complete range of out-patient treatment options to assist those struggling with alcohol and other drug addictions.

McCabe achieves company presidency

Jeff McCabe has been named president of Spray Control Systems of Blooming Prairie, the parent company of Minimizer.

"We are excited to have Jeff as a member of our team. He brings significant managerial experience and a vision that will positively effect change and growth in the organization," said Craig Kruckeberg, chief visionary officer of Minimizer.

Before joining Minimizer, McCabe was an underwriting manager of the commercial health division of Federated Insurance Cos. He was with Federated for 23 years. McCabe also has 22 years of military service experience as a civil affairs major who regularly traveled overseas with international teams to improve nations.

Minimizer manufactures poly truck fenders, poly toolboxes, customized mud flaps and bracket kits. Family owned and operated for nearly three generations, Minimizer was founded in 1983.

Short takes

• Michael Smith, of Grand Meadow, was selected to attend this year's Northwestern Mutual Forum, held Sunday to Wednesday in Scottsdale, Ariz., in recognition of his outstanding year of performance. Of the company's 7,000 representatives, 235 were eligible to attend.

• The Minnesota Department of Human Services has named Zumbro Valley Mental Health Center's Recovery Partners as a Dual Diagnosis Enhanced program for the treatment of behavioral health disorders. This program is the only one in the state to receive the enhanced classification. Zumbro Valley Mental Health Center treats behavioral health and substance-use disorders for adults, adolescents and children.

• Shawn Buryska was named the top lister and seller for Coldwell Banker Burnet during October. Coldwell Banker Burnet, a leading residential real estate brokerage headquartered in Edina, Minn., serves Minnesota and western Wisconsin. The company, which was founded in 1973, operates 27 offices and has nearly 2,250 sales associates throughout the market.

• EO Johnson Office Technologies announces Jordan Fredrickson has joined its Rochester office as an account executive. Fredrickson will work with small and medium-sized businesses in the Rochester area. His responsibilities include selling office technology, such as multifunction products, printers, scanners, document management and print management solutions.

Robbery prevention seminar slated

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It's the time of year that robberies at convenience stores usually increase, said Gadsden Police Capt. Jeff Wright.

"It usually starts just before Thanksgiving and goes through Christmas," Wright said.

This year, the Gadsden Police Department is teaming up with the Etowah County Sheriff's Department and the Etowah County District Attorney's office to make all convenience store operators aware of ways to prevent robberies at their businesses, Wright said.

The event will be presented by Rachel Krech, risk consultant with the Federated Insurance Co., Wright said.

The number of crimes such as car break-ins, thefts, burglaries, purse snatchings and robberies usually increases during the holidays, Wright said.

The increase in robberies often is seen at convenience stores and similar businesses.

This seminar focuses on convenience stores, according to Wright.

The seminar will give clerks and owners information to help make the business less prone to robberies and about what to do if the business is robbed, Wright said.

"This is something that has been needed for a long time," Sheriff Todd Entrekin said. "(Gadsden Police) Chief (Richard) Crouch had the idea for this event, and we're glad to be a partner."

All convenience store owners and clerks will be invited, he said.

"It is something we'd like to eventually expand to other businesses," Entrekin said.

The event is from 11 a.m. to 1 p.m. Friday at Ryan's Family Steak House, 127 River Road, Gadsden.

Tom Johnson Joins New York Life Insurance Company as Head of Business Development for Retirement Income Security

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NEW YORK--(Business Wire)--
New York Life Insurance Company today announced that Tom Johnson has joined the
company as head of business development for Retirement Income Security, a leader
in providing retirement planning solutions. In this role, he has responsibility
for overall business development of Retirement Income Security products, which
include income and investment annuities, long-term care insurance and mutual
funds, with an emphasis on defined contribution plans and 401(k) rollover
options. Mr. Johnson reports to Chris Blunt, executive vice president in charge
of Retirement Income Security.

"I am very pleased that Tom is joining New York Life. Tom brings a wealth of
knowledge, industry best practices and networks that will help us continue the
momentum we have had since the division`s creation last year, aimed at providing
holistic solutions for advisors to use with their clients that address each
phase of the retirement process," said Mr. Blunt.

Mr. Johnson joins New York Life with 33 years in this industry, most recently
with MassMutual as senior vice presidentRetirement Income, Strategic Business
Development,where he led business development of their retirement income
platform. In addition to over 10 years at MassMutual, he worked at Federated
Investors, Inc. and his family firm, The Johnson Companies.

Mr. Johnson received a B.A from Gettysburg College and completed the Management
Development program at Harvard University. He resides in Hingham, Mass., with
his wife, Joyce Sullivan.

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the
largest mutual life insurance company in the United States and one of the
largest life insurers in the world. New York Life has the highest possible
financial strength ratings from all four of the major credit rating agencies.
Headquartered in New York City, New York Life`s family of companies offers life
insurance, retirement income, investments and long-term care insurance. New York
Life Investments* provides institutional asset management and retirement plan
services. Other New York Life affiliates provide an array of securities products
and services, as well as institutional and retail mutual funds.

Visit New York Life`s Web site at www.newyorklife.com for more information.

*New York Life Investments is a service mark used by New York Life Investment
Management Holdings LLC and its subsidiary, New York Life Investment Management
LLC.

New York Life
William Werfelman, 212-576-5385
William_Werfelman@newyorklife.com
or
Sloane & Company
John Hartz, 857-598-4779
JHartz@sloanepr.com