6750 Westown Parkway #200-322
West Des Moines, IA 50266
P: (515) 537-2080
F: (866) 373-2236
Welcome to the Mutual Insurance Association of Iowa
 |
Pat Faga |
Bear Ye One Another's Burdens
I am humbled and honored by the opportunity to serve this great organization. I want to thank the boards of Central Iowa Mutual and Farmers Mutual Hail for allowing and encouraging me to be involved in the Mutual Insurance Association of Iowa.
2011 has been a rough year for our industry, as Mother Nature has once again reminded us who is in charge. The result of our rough multiyear Midwestern weather patterns has pushed the industry into a hardening market and a challenging reinsurance renewal season.
In 2012 many of us will face some hard decisions, but as Scott shared yesterday "When times get tough, we have opportunities". Many of us will be reviewing and revising our rates and products as well as our reinsurance programs and our business plans. As we face these tough business decisions it is comforting to know that we are not alone. We can lean on our reinsurance partners and our peers and friends in the industry for guidance, support and assistance.
I have chosen as my theme for my tenure as MIAI President – Bear Ye One Another's Burdens. A company motto used by Farmers Mutual Hail founder, WA Rutledge in the early years of the company.
I think that this motto accurately reflects the underlying philosophy of mutual aid that our farm mutual companies and the Mutual Insurance Association of Iowa were built upon.
I want to thank you for your support, especially those of you who so willingly agreed to serve your association on the committees or in board positions for the upcoming year.
Thank you!