Gamma Iota Sigma Newsletter                           
April 2014 
In This Issue
GIS Career Center
CLM's May 21 Webinar
Get to Know the CLM
Welcome Beta Mu, 60th Chapter
A.M. Best Video
Introducing CAS Student Central
CAS Puzzler
CPCU-Loman Financial Aid Program
St. John's University Graduate Programs
Chapter News: Sigma
43rd Annual Conference
Calling All Graduates and GIS Alumni
Free Subscription to Best's Review Magazine!
Featured Jobs
Quick Links

Mark Your Calendar!


Bermuda Insurance Management Association ACI Scholarship Deadline

April 30, 2014


Ezra Penland Actuarial Scholarship Deadline

May 1, 2014 


The Actuarial Foundation's Actuarial Diversity Scholarship Deadline

May 2, 2014


Derek Hughes/NAPSLO Educational Foundation Insurance Scholarship Deadline

June 1, 2014


CPCU-Loman Educational Foundation Financial Aid Program Deadline

June 1, 2014


View all scholarship deadlines and events.

Executive Committee
 John Hammond



Meg Allwein

Executive Vice President


Jason Warden

Vice President


Alan Hoffmann

Vice President

(Past President)


Jeffery W. Lamb

Vice President

(Immediate Past President)


Jake Timmins



Brian Bowerman



Josh Hart

Alumni Representative


Christopher Place

Industry Representative


Dr. RB Drennan

Faculty Representative


Dr. Karen Epermanis

Faculty Representative


Alyssa Bouchard

Student Representative


Mike Kelly

Student Representative


Noelle Codispoti 

Executive Director


Dear Students,
With RIMS 2014 literally just behind us, we are full speed ahead as the academic year draws to a close. We use this time to welcome our newest chapter, Beta Mu at the University of Colorado Denver, chartered just days ago, and encourage you to continue taking advantage of the abundant opportunities before you. In particular, check out the new Career Resources section of the GIS website, and if you still haven't signed up at the GIS Career Center, do so now! There are open internships and jobs that could be exactly what you are looking for!

Fraternally yours,

Noelle Codispoti, ARM
Executive Director, Gamma Iota Sigma
GIS Career Center: Own Your Future
Have you signed up for the GIS Career Center? There are currently over 30 postings from companies offering internships and entry-level jobs, including the Claims & Litigation Management Alliance, Liberty Mutual, Swiss Re, Starr Companies, Wells Fargo and more. These employers are also able to search through student profiles, so if your resume is not on there you are missing out! It's easy:
  1. Go to the Career Center website
  2. Upload your resume
  3. Check out the posted jobs and internships
This is an exclusive benefit for Gamma Iota Sigma members to be seen by companies and organizations who are actively recruiting and to apply for internships and jobs. Don't miss out!
Insurance Fraud: May 21 Webinar 
Courtesy of the Claims & Litigation Management Alliance


If the field of insurance fraud interests you, don't miss the CLM's upcoming webinar on Wednesday, May 21 from 12:00-12:30pm ESTDon't Worry, Dear, They Have To Pay You Even Though I Caused The Loss: When Must An Innocent Co-Insured Be Paid?


Insurance fraud investigation focuses on establishing whether an insured is responsible for the claimed loss or otherwise misrepresented or concealed material facts. But if it is established that fraud was committed, that is not the end of the inquiry. Depending on the policy language and the law in the jurisdiction, other insureds still may be entitled to payment. This webinar will discuss the law in various states as to when innocent co-insureds are entitled to payment, policy language that may impact that determination and related issues.


Register here! While you are at it, consider joining the CLM - it's FREE and offers a host of valuable benefits. See below for details.



The CLM: Industry Events and Education
By Susan Wisbey-Smith

The Claims and Litigation Management (CLM) Alliance is the only national organization created to meet the needs of professionals in the claims and litigation management industries. Founded in 2007, the CLM currently has more than 25,000 Members and Fellows - a number that grows by hundreds each month.


For students of insurance, risk management or actuarial science, joining the CLM brings tremendous benefits - and it's FREE. Simply visit and click on the link to join as a Fellow. Membership in the CLM provides you with many benefits:

  • Free subscriptions to our publications, Claims Management and Litigation Management (available in both print and digital versions)
  • Complimentary registration to many local and regional educational and networking events (check out our calendar of events)
  • Ability to attend webinars at no cost
  • Inclusion in our email list to learn about upcoming events and internship opportunities

The CLM also hosts the annual Claims College in Philadelphia. The College currently has seven schools and three levels within each school. The curriculum is designed by and for claims professionals. The Claims College is a true educational experience, not an industry seminar or conference. Successful completion of all three levels of a school earns participants a respected industry designation.


To learn more about the CLM, visit



Gamma Iota Sigma takes RIMS!
The next generation was well represented at RIMS 2014 in Denver, Colorado. 170 students were in attendance this year, taking part in a wide range of events, including the Spencer-RIMS Risk Management Chellenge, the Anita Benedetti Student Involvement Program Welcome Reception, speed networking sessions, and sponsored receptions like the one held by AIG (pictured), which jointly benefitted GIS and the Spencer Educational Foundation.
Thank you to Business Insurance for highlighting GIS students in the Show Daily! See Alyssa Bouchard, President of Rho Chapter at Appalachian State University and 2013-14 co-International Student Representative, profiled on p. 14!
GIS Charters 60th Chapter during RIMS 2014
Welcome, Beta Mu!
The University of Colorado Denver officially became Gamma Iota Sigma's Beta Mu Chapter in a chartering ceremony held the evening of April 26 during RIMS 2014 in Denver, Colorado. The ceremony, led by representatives from the Grand Chapter, Rho Chapter at Appalachian State University, Sigma Chapter at Temple University, Beta Lambda Chapter at Butler University, and Beta Beta Chapter at New Mexico State University, welcomed Beta Mu's 31 chartering members and was featured in Business Insurance's Show Daily. Congratulations!

A.M. Best Video: RIMS 2014 Preview

On the occasion of RIMS 2014 in Denver, A.M. Best presented a highlight video covering key trends and happenings. The video features GIS Executive Director Noelle Codispoti discussing the Anita Benedetti Student Involvement Program, and what it means to students of risk management and insurance. Check it out here!
Introducing CAS Student Central!


The Casualty Actuarial Society (CAS) has launched a new student membership program - CAS Student Central - designed to provide university students with the tools and expertise to make the transition from the classroom to a career as an actuary.


In conjunction with launching the new program, the CAS has unveiled a new website,, which provides a centralized location for student members to access information and advice as they embark on the path to earning CAS credentials.


As a partner of Gamma Iota Sigma's, the CAS is working with GIS to allow students to sign-up for CAS Student Central through the GIS member application. That will be implemented in the upcoming academic year, but for now, GIS members are invited to join by signing up online. There is no cost to join or any fees to maintain membership in the program. Membership is automatically renewed each year.


Joining CAS Student Central opens the door to tools that help students successfully navigate their actuarial studies and advance their career. Initial benefits to members include:

  • Access to resources, including skill-building tips.
  • Invitations to networking events to help connect students      with casualty actuarial professionals.
  • Participation in an online community of peers.


"The CAS Student Central online community will allow members to stay connected with fellow actuarial students and the broader network of credentialed CAS members," said Mike Boa, CAS Director of Communications and Marketing, and member of the GIS Board of Trustees. "This new student program is an important step in helping tomorrow's casualty actuaries jumpstart their success."


Accessible only by members of CAS Student Central, the online community features a blog, discussion forum, and calendar of activities, plus access to the CAS membership directory. The blog, Future Focus, will share insights, tips and perspectives from practicing casualty actuaries, university professors, students, and others.


Join the more than 6,000 credentialed casualty actuaries who have made the CAS their professional home. Your future starts here!


Conquer the CAS Monthly Puzzler for April:
Public Health and Urban Planning


The roads in a large city all run either north-south or east-west in a dense grid. There are 100 public health clinics spread across the city in a pattern designed to minimize the average distance to the nearest clinic. Suppose a nurse from the nearest clinic makes a visit to each resident separately to give a health checkup and returns the individual test samples to the clinic before visiting the next patient. Altogether, the nurses travel a total of 1,000,000 miles to make all the checkups. An alternative layout for 150 clinics, that still minimizes average travel time, decreases the average travel per patient visit by 0.2 miles.


What do you estimate for the city population? What do you estimate for the area of the city?


Submit your solutions to


Courtesy of the Casualty Actuarial Society.
Jon Evans created this puzzlement.
NEW! Scholarship/Financial Aid Program from the CPCU-Loman Education Foundation


Internships are a great way to discover the limitless opportunities within the insurance industry. But sometimes finances can get in the way of following your path. That's where the  CPCU-Loman Education Foundation Internship Financial Aid Program comes in!


You can earn up to $3,000 in financial aid through this new CPCU Society program, designed to offset the costs of professional clothing, travel, housing, and other expenses so that you are able to pursue an internship that will allow you to explore a career in the insurance industry.


To qualify, an applicant must be:

  • A college sophomore, junior, or senior
  • Applying for, securing, or accepting a paid insurance-related internship requiring an average of thirty to forty hours a week for at least eight weeks total
  • Registered for internship credit
  • A United States citizen
  • Able to submit his or her application by the June 1 deadline

For more information about this great opportunity, or to apply to the program, visit the  CPCU-Loman Education Foundation website.



St. John's University: Graduate Studies in Risk

You might not be familiar with the School of Risk Management (SRM) at St. John's University. The SRM, a division of the Peter J. Tobin College of Business, is a relatively quiet school in spite of its distinguished 100 plus year history, outstanding alumni network, unsurpassed connections with the leaders of the risk management and insurance industry and world-renowned professors. The School of Risk Management is home to the Kathryn and Shelby Cullom Davis Library, which holds the largest and most significant risk and insurance collection in the world.


The School of Risk Management's endowment allows for substantial merit-based financial aid to students seeking Masters of Science degrees in Enterprise Risk Management and Management of Risk, both of which can be completed in a calendar year. Numerous opportunities for professional internships are available to graduate students while they pursue their degree. Faculty, administration and staff work together to ensure high job placement rates for SRM graduates; the SRM placed all of its domestic graduates over the last three years with companies like JPMorgan Chase & Co., Deloitte & Touche, Travelers, ACE Group, and PricewaterhouseCoopers.


The School of Risk Management will relocate to a brand new, state-of-the-art building near Astor Place in Manhattan's East Village in June 2014. We hope you will apply and join us there in the fall. Applications received by March 31 will receive primary consideration for merit-based financial assistance.



To learn more about continuing your education at the School of Risk Management at St. John's University, please contact:


Stephanie Taylor, Assistant Director of Graduate Admissions


Phone: (212) 284-7017




Mark J. Browne, PhD

Robert Clements Distinguished Chair in Risk Management & Insurance

Chair of the Faculty of Risk Management, Insurance & Actuarial Science


Phone: (212) 277-5175

Chapter News: Sigma
Shaving for a Cause 

Thirteen Sigma Chapter members and officers, including President Liz Mattox, bravely served as shavees for the St. Baldrick's Foundation during the Insurance Society of Philadelphia's Philly I-Day held on April 9, 2014. St. Baldrick's Foundation is a non-profit dedicated to raising funds for childhood-cancer research.


It all started as an April Fools' Day joke where Liz supposedly volunteered to have her head shaved if the chapter raised at least $5,000. Nine days later, the joke turned into reality. In an inspiring show of solidarity, the Sigma Chapter successfully raised at least $5,700 in donations in less than two weeks. Mary Grace Sear, Director of Management Information Systems for the chapter and the second female, shavee successfully raised over $1,000 in support. Chapter members, faculty, alumni, and family all rallied behind the team to support a truly worthwhile cause, which aligns with Gamma Iota Sigma's goal of promoting the high moral attainments of its members.


The Sigma Chapter is incredibly grateful for the valuable support from its stakeholders. St. Baldrick's is still accepting online pledges, which can be made online!


By Cathleen Gabriel, Sigma Chapter Executive Vice President

43rd Annual International Conference
Mark Your Calendars!

Gamma Iota Sigma's 43rd Annual International Conference will take place October 2-4, 2014 in Dallas, Texas. The agenda will include a two-day career fair, educational sessions and keynote addresses, in addition to valuable leadership seminars and plenty of networking opportunities. We are actively reaching out to sponsors to make this the most robust event yet. Save the date!

Please note: registration links for students and faculty are sent to schools directly and will be made available over the summer.

Are you about to graduate? Stay in touch!

Help us keep your contact information current! GIS boasts an alumni base of over 17,000 individuals from our 58 chapters and we need your help in updating our current records. Alumni and soon-to-be-Alumni, please use the link below to update your information, and pass it on to as many fellow graduates as you can.

FREE Subscription to Best's Review!

Be sure you are taking advantage of the special offer from our partner company A.M. Best! Students and faculty can access a FREE subscription to Best's Review magazine - digital version. Link to the registration page here! Best's Review is the premier insurance industry monthly magazine, providing the latest global news and trends, plus industry analysis and featured articles.
Featured Jobs from the GIS Career Center

Liberty Mutual Insurance
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