For Immediate Release: August 2018
Contact: Pat Cooper
Executive Vice President – Director of Communications and Corporate Support
Federated Mutual Group and Federated Life
named to 2018 Ward’s 50® Top Performers
Ward Group®, a Cincinnati-based consulting firm specializing in the insurance industry, recently named Federated Mutual to the top 50 U.S.-based property and casualty companies and Federated Life to the top 50 U.S.-based life insurance companies.
Ward Group annually recognizes 50 property and casualty, and 50 life-health companies that have excelled at balancing financial safety, consistency, and performance during the past five years. They conducted separate analyses on nearly 3,000 property and casualty companies and 700 life-health companies.
"We are proud to have not only our mutual company, but also our life company listed on the Ward's 50 Top Performer list," said Federated Insurance Chairman and CEO Jeff Fetters. "Our continued recognition by Ward Group reaffirms the strength of our risk management efforts in helping our clients succeed."
“Low investment returns, rising loss costs, and competitive market conditions continue to impact financial returns for the industry. In selecting the Ward’s 50, we identified companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results,” said Jeff Rieder, partner and head of Ward Group.
Founded in 1904, Federated Insurance is a national insurance and risk management organization that serves the property, casualty, and life insurance needs of clients in select industries. The organization has more than 500 recommendations from state, regional, and national associations and buying groups and is rated A+ (Superior) by industry analyst A.M. Best®.
At Federated Insurance, It’s Our Business to Protect Yours.
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A Message from the PHCC—National President: Legislative Conference 2018: Honoring American Freedom, Inspiring the Next Generation
June. 12, 2018
By Laurie Crigler, L&D Associates, Aroda, Virginia
The week before Memorial Day weekend, PHCC members descended upon Washington, D.C. to plead their case regarding several very important industry issues. It was appropriate that we were there that week because, not only did it gives us a chance to see our legislators and tell our story, but it gave us time to reflect about the importance of this holiday.
Seeing D.C. all decked out in red, white and blue and setting up for concerts, speeches and Rolling Thunder gave us pause to think about the true meaning of Memorial Day – to honor those who have fought for us to keep our freedoms so that we can, in fact, come to tell our legislators what is important in our industry and how what they do affects our daily lives. Washington, D.C. is beautiful in any season but somehow was even more beautiful with the flags waving and wreaths being laid at Arlington National Cemetery.
It was a traditional legislative event for PHCC. We arrived from all over the country, made appointments with our legislators and their staffs, told our stories and returned triumphantly (sometimes) to feel rejuvenated that those who create the laws by which we live heard us loud and clear.
Where Do We Go From Here?
We discussed the workforce shortage and the necessary funding to help with that effort. We discussed the Water Infrastructure Funding Initiative Act (WIFIA) and how important this act will be to help fund the needed water infrastructure repairs across the country and provide jobs. We discussed putting the trades back in the high schools to help the skills gap that exists. Most legislators, across the board, could hardly argue with these efforts. To that point, I have declared the conference a success … but our job is not done. We now must connect with those same legislators back home, get to be their friends, and constantly remind them of how important these issues are to the health of our country.
The Next Generation Speaks Up
One of the most satisfying things that happened during that week was that several of our members thought it important enough to bring their children and grandchildren to this event. I was thrilled that we had as many as six young teens (ages 11-15) with us, traipsing all over on Capitol Hill and sharing with key decision-makers how those issues will affect them in the future … a very powerful message to our legislators. And those teens became part of our PHCC family … I hope for a very long time.
It was great to hear them relate their experiences up on Capitol Hill and gave even this old, jaded PHCC-er a new lease on life. It was exciting to hear them talk freely (as if they had been part of us for a very long time), and it was even more exciting to hear that at least one wanted to apply to be an intern in a congressional office and one wanted to apply to be a congressional page. How refreshing! There is hope, folks … and these young people gave me back mine. It is comforting to know that there is another generation behind us that understands what our issues are and how to begin moving the log-jam that we have felt for so many years.
If you did not come to the 2018 PHCC Legislative Conference, please make an effort to come next year. We grow in numbers every year, and thus in strength ... and now we have our youth on our side as well. Maybe one year, we will be pleading our case to one of those young persons, who grows up to be the legislator we go to visit. One can only hope!
PHCC’s 2015 Legislative Conference Wrap-up
Clearly, top-of-mind in the trades these days is workforce development – attracting and training skilled professionals to fill the increasing worker shortage expected in the p-h-c industry. At the Congressional Reception, Congressman Glenn Thompson (R-PA) not only supported PHCC members in their cause but stressed that the need to address worker shortage is not just to keep businesses competitive but to keep America viable. “It’s not really about job creation,” he said. “It’s about America’s competitiveness.”
With that, the timing was perfect to hear from Congresswoman Foxx at the Legislative Breakfast. As chair of the House Subcommittee that has jurisdiction over education and training beyond the high school level, she provided valuable insight into how to help close the skills gap for the trades in America. To set the stage, she explained that while statistics indicate U.S. unemployment is still slightly up, vacancies in the p-h-c trade also continue to rise. “We haven’t done enough in our culture to honor people with practical skills,” she offered as part of the problem.
To help streamline workforce development at the federal level and put more control in states and localities, Congresswoman Foxx was instrumental in passing the Workforce Innovation and Opportunity Act in 2014. She explained that Workforce Development Investment Boards now exist throughout the United States, and she encouraged PHCC members to check them out and serve on them to influence how the $15 million in federal grants is being awarded.
Offering a Presidential Sneak Peek
Perfectly punctuating the Legislative Briefing and Orientation with some political insights was well-respected analyst Stephen Hayes, a senior writer at The Weekly Standard and a FOX News contributor. With unique, behind-the scenes examples, Hayes gave an insider’s view of politics in Washington today. He reviewed the status of President Obama’s goals for his two terms of office, and gave his perspectives of surveys indicating the public has a growing distrust of government. PHCC members certainly responded to his energetic, down-to-earth style.
Hayes then offered his analysis into the 2016 Presidential election, calling Marco Rubio the “best communicator in American politics today.” The “likable” contender, Hayes said, will be the Republican frontrunner. And, while he indicated Democratic leaders are concerned that voters aren’t enthusiastic about a “vulnerable” Hillary Clinton, Hayes predicted she will get the Democratic nomination.
Cutting Through Politics
What resonates across the political spectrum are small business issues, Congressman Collin Peterson (D-MN) told members at the Legislative Breakfast. A ranking member of the House Committee on Agriculture, among others, Congressman Peterson stressed that pro-small business issues definitely cut through politics on Capitol Hill and that Congress is trying to keep federal regulations under control. “Agencies and bureaucrats have too much power now,” he expressed.Sharing Stories
Following the Legislative Breakfast, PHCC members from across the country met with their respective members of Congress about key issues important to PHCC and their individual businesses. Members of PHCC’s Executive Committee had the excellent opportunity to meet with House Small Business counsel to discuss DOE’s proposed furnace rule. Combined with the feedback PHCC has already received from Congressional offices, PHCC has shown the power of its message and the true impact of going face to face with influential leaders.
Finally, at the Closing Reception, PHCC members heard from Greg Casey, chief executive officer of the Business Industry Political Action Committee (BIPAC), a well-respected organization dedicated to electing pro-business-minded lawmakers. Casey presented an overview of a BIPAC program focusing on employer-to-employee communication regarding public policy.
PHCC’s Legislative Conference proved to be a pivotal relationship-building event, allowing members to directly give crucial input to those making decisions that impact their businesses. Among the legislators at the Congressional Reception: Congressman Paul Gosar (R-AZ), Congressman Barry Loudermilk (R-GA), Congressman Mike Coffman (R-CO), Congressman Markwayne Mullin (R-OK), Congressman Glenn Thompson (R-PA), Congressman David Schweikert (R-AZ), Congresswoman Kyrsten Sinema (D-AZ), Congressman Mick Mulvaney (R-SC), Congressman Garret Graves (R-LA) and Congressman Jim Langevin (D-RI).