New Chair Elected to New York Insurance Association (NYIA)
Monday’s Post 12/12/11 – New York Insurance Association (NYIA) has elected Jeffrey Rice, the president and CEO of Wayne Cooperative Insurance Company in Clyde, N.Y., to be the new chairman. He will be serving for just one year, beginning in January of 2012. For the last five years, Rice has been a member of the association’s board of directors. He was also awarded the company’s 2011 Chair’s Distinguished Service Award. Rice has held a number of different positions in the past and in the insurance industry. Rice chaired committees within the New York Insurance Alliance which merged with the New York State Insurance Association. He also served on the Board of Guilderland Reinsurance Company and it’s chairman. Rice’s career in the insurance industry began twenty-six years ago. In the mid 1980’s he was an underwriter for the Wayne Cooperative. Later, he was promoted to Vice President and treasurer before he became the company’s president in 1999. NYIA has also elected several other executives for a one-year term beginning next January. The second vice chair position of the company was given to Vestal-based Broome-Co-Operative Insurance Company CEO Steven Coffey; and the position of treasurer was filled by Johnstown-based Fulmont Mutual Insurance Company president Marlene Benton-Sherwood.
The following were recently elected for a three-year term which would start during the 1st quarter of 2011 until year-end of 2014. Mark Prechtl, CEO of Chautauqua Patrons Insurance Company in Jamestown, N.Y.; Thomas Ruane, president of Security Mutual Insurance Company in Ithaca, N.Y.; Waqas Durrani, regional counsel for Allstate Insurance Company offices in Hauppauge, N.Y.; and Martin Doto, vice president of insurance operations for Preferred Mutual Insurance Company in New Berlin, N.Y. The Albany-based New York Insurance Association has more than 120 member companies. It is a trade association governed by the state and has represented the property/casualty insurance industry since 1885.
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