Institute Advisory Board
W. Kim Austen
Kim Austen began his association with Allied in 1976 as a claims representative. He has held various management positions in underwriting and was named regional vice president of the Rocky Mountain Regional Office in 1990. He moved to the Lincoln Regional Office as regional vice president in 1992 and then to the Des Moines Regional Office in 1994. He was named senior vice president-product development in 2001. In 2003, Austen was appointed senior vice president-Commercial/Agribusiness Product & Pricing for the Property Casualty Insurance Operations at Nationwide, Allied's parent company. Austen was named president of Allied in 2006.
A graduate of the University of Nebraska, he received a B.S. degree in mathematics and economics, and holds the Chartered Property Casualty Underwriter designation.
Austen is a board member of the Science Center of Iowa. He serves on the Leadership Cabinet of the American Red Cross, Central Iowa Chapter, the Executive Council of the Greater Des Moines Partnership, and is a member of the Iowa Business Council.
Loren Coppock, BBA70, has been the managing director of TrueNorth Companies LLC since 2000. He now serves as Chairman of the Board. He has also been a commercial underwriter, an agent, a broker with Merrill Lynch, as well as president and chairman of Davis Jones Lamb Insurance.
Coppock is a Chartered Property and Casualty Underwriter (CPCU) and Chartered Life Underwriter (CLU).
His community activities include Cedar Rapids Bank & Trust, United Way of East Central Iowa, and Mt. Mercy College.
Chairman of the Board
Steven Eginoire, BGS76, joined Lockton in 1987 and now serves as chairman and chief executive officer of Lockton Affinity. The firm provides a variety of insurance services to associations, franchises, and other buying groups around the world. Eginoire also serves on the board of Lockton International Holdings, which has insurance brokerage operations in more than 43 countries. Lockton Affinity and Lockton International are subsidiaries of Kansas City-based Lockton Inc., the world’s largest privately held insurance brokerage and risk management firm with total revenues in excess of $800 million.
Chairman and CEO
Greg Elming BBA'82 is senior vice president and chief risk officer of the Principal Financial GroupÂ®. Elming joined the company in 1982 as a staff accountant. He was named administrator - corporate accounting and taxes in 1985 and manager in 1986. He was elected an officer and named assistant controller in 1988, and director â€“ financial reporting in 1995. He was named a second vice president in 1998, vice president and controller in 2000 and to his current role in 2011.
Senior Vice President
Ted Flores, BBA76, joined Griffith Laboratories in 1988 as corporate risk manager and was promoted to Vice President of Risk Management in 2013. In this capacity, Ted oversees the structure and placement of the company’s worldwide insurance programs, directs the management of claims and litigation, and leads other risk management initiatives including crisis management/business continuity planning, supply chain risk management, property loss prevention, and health & safety. Ted is past chair of the Risk Management Section of the CPCU Society, has served as a director of the Chicago Chapter of RIMS, and as chair of the REBEX Conference held annually in Chicago.
Vice President, Risk Management
Todd Fuhs, BS80, is AEGON's chief risk officer for the Americas and was previously the chief actuary for the Institutional Markets Division. Todd joined AEGON after 16 years at Provident/Unum Provident, where he was responsible for ALM/portfolio strategies and product pricing/costing. Prior to this, he held various positions in product pricing, valuation, and product development.
Chief Risk Officer and Chief Actuary
Susan E. Haack
Susan Haack, MBA01, began her insurance career with Iowa Mutual Insurance Company in her hometown of DeWitt, Iowa, in 1990. In 2003 she was elected president of the company. In 2008 she transferred to Columbus, Ohio, and assumed the role of corporate secretary for The Motorists Insurance Group. In 2011 she was appointed chief risk officer.
Haack received her bachelor's degree in accounting and business administration from Mount St. Clare College in Clinton, Iowa. She is a Certified Public Accountant (inactive), and holds the Associate in Insurance Accounting and Finance, Associate in Reinsurance, and Chartered Property Casualty Underwriter designations.
Haack currently oversees the claims, general counsel, strategic planning, product development, and internal audit divisions of the organization.
She also serves as a member of the Board of Trustees and the Audit and Investment Committees of the Iowa College Foundation of Des Moines; Board of Trustees and Treasurer of St. Stephens Community House in Columbus, Ohio; and member of David Evangelical Lutheran Church Council in Canal Winchester, Ohio.
The Motorists Insurance Group, headquartered in Columbus, Ohio, consists of 10 property and casualty insurance, life insurance, and insurance brokerage companies throughout the Midwest with total written premiums of approximately $700 million. The Motorists Insurance Group is rated A (Excellent) by A.M. Best Co., the leading provider of insurer ratings.
Senior Vice President, Corporate Secretary & Chief Risk Officer
T.C. Heath, BBA06, joined AIG's Enterprise Risk Management group in 2011 in New York City after graduating from Georgia State University with an M.S. in risk management and insurance. As a risk analyst, he is responsible for researching credit markets and collaborating with key business stakeholders to develop firm-wide risk analytics. Prior to joining AIG, T.C. interned at ACE Group as a risk analyst and worked at Crawford and Co. as a property and casualty insurance adjuster. He holds the Associate in Risk Management (ARM) and Associate in Claims (AIC) designations from The Institutes. During his time at the University of Iowa, he found his passion for risk management and enjoys every opportunity to reconnect with his Iowa roots.
Dana Ramundt, BBA74, is president and CEO of The Dana Company, an independent insurance agency he founded in Des Moines, Iowa, currently serving clients in 22 states. His career, with the exception of a two-year stint as regional vice president of a securities firm, has been in insurance agencies in Mason City and Des Moines, prior to starting The Dana Company in 1989.
Ramundt served his community as county campaign chairman and president of the Cerro Gordo County United Way and founder of a Crime Stoppers program in 1982. He has served the insurance industry as president of two county independent insurance agents' associations and as president of the Independent Insurance Agents of Iowa, and most recently served on the board of the Independent Insurance Agents and Brokers of America. He was on the board of trustees of Kaplan University for 19 years and is currently a board member of project InVEST, a national program for the introduction of the insurance industry to high school and college students. Ramundt initiated the reestablishment of the insurance program at the University of Iowa which has now evolved into the Vaughan Institute.
President and CEO
Rod Warren, BA'86 MBA'97, is the president of the insurance companies and insurance agencies under the NCMIC Group umbrella. The insurance companies specialize in professional liability coverage for physicians, dentists, chiropractors, and lawyers. The insurance agencies provide insurance products to a variety of audiences from a number of national insurance companies. The companies have a presence in all 50 states. Rod joined NCMIC Group in 2001 as vice president of its annuity company, before moving to its professional liability companies.
Michael Wilkins, BS85, MBA92, is senior vice president of United Fire Group. He is responsible for the development of the company’s information technology, including business applications, web applications, network infrastructure, and security procedures. He directs the reinsurance and personal lines segments.
Wilkins joined the company in 1985 as a computer programmer. From 1990 to 1996, he served as product support manager. In 1996, he was named regional underwriting manager of the Central Plains regional office. In 1998, he was named resident vice president of the Central Plains region. In 2002, he was named vice president of administration, and, in 2004, he was appointed senior vice president.
Wilkins has obtained the ARP and CPCU professional insurance designations. He is a member of the CPCU Society and serves on the board of directors of the Cedar Valley Chapter of the CPCU Society. He is also a member of the finance and administration committee of the United Way of East Central Iowa.
Executive Vice President
Therese Vaughan, BBA79, is the immediate past chief executive officer of the National Association of Insurance Commissioners (NAIC). She served in this capacity from February 2009-November 2012.
Prior to her tenure at NAIC, she was the Robb B. Kelley Distinguished Professor of Insurance and Actuarial Science at Drake University. She was the Iowa insurance commissioner from 1994 to 2004, the longest-serving insurance commissioner in Iowa history, and was appointed to the position by governors of both major parties. During her term as insurance commissioner, Vaughan was an active member of the NAIC and served as its president in 2002.
Vaughan held previous academic positions at Baruch College of the City University of New York and at Temple University, and she was employed as a consultant in the risk management and casualty division of Tillinghast, a Towers Perrin Company.
She earned a Ph.D. in risk and insurance at the University of Pennsylvania. She is a CPCU, an associate of the Society of Actuaries, an associate of the Casualty Actuarial Society, and a member of the American Academy of Actuaries. She was previously a member of the board of directors of the Principal Financial Group, Endurance Specialty Holdings, the National Council on Compensation Insurance, and the Insurance Marketplace Standards Association.
Immediate Past CEO