b'May 1986 PREZ SEZWILL CLIFF JOHNSON Dear Member,WIN A SUITE AT THE It was withgreat anticipation that ISHERATON IN waited for the arrival ofST. LOUIS? my insurance a ~tJastwe hadb.een prew.eek.Lastyear_Inof.theMI~ .the. F.eb.rauazy.issue sented with a slight increase in our insur WESTwe announced a contest ROOFER ance rates (200%) but had been told atto encourage members to sign up new thatthatbe too timethis year "shouldn\'tmembers. The person signing up the bad." Guess what? He lied! This time wemost new members by October 1 will ended up being quoted on an additionalreceive acomplimentary suite at the 250% increase. Thatto amountsa 500%Sheraton St. Louis, our headquarters increaseoveratwoyearperiodandhotel, during our guess where thetoupcoming convention money comespay thisin St. Louis. Second prize is a compliincrease? The good old catch all - thementary convention couplespackage bottom line, myprofit(and yours)ortoputbusinesses in the red so the ourand third prize is a free couples regiswhat was left of it.insurance companies can become sol tration fee. These insurance companies are theventandstart theprocessallover.As ofJohnson, "\'same organizations that would ratherHopefully,thesecompanieswillrunnow, CliffordEmpire Roofing&Tulsa, Oklapay aclaim for 80%,or more, (plustheirbusinesseswith therealizationInsulation Co., punitive damages thattake carethatthey lose money they can\'thoma is the front runner with two new wouldifturnmembers. With 4 months to go before ofnational debt) oflossaround and make it up in a year fromthe deadline you still have a chance to thetheamount basedcosts submittedinjuredtheir customers. onby theentertain your friends in your suite at partywithoutanybackupdataorIf you feel as Ido that these unfairthe Sheraton in St. Louis. Contact without observing the loss so as notpracticesshouldbestoppedpleasethe toMRCAofficeformembershipapplitimewriteyour nationalcations or if you have any questions . . gotocourt.Thesecompanieswritetake thetoboth insurance for any personthey canand state legislators requesting legal that sell to without looking at his past ex action to end this drain on our comperiencerecords,refusetoconsiderpanies. theirstatementsa loss client\'sthatwas ouoproportionowa1 ac uahap1y investpremium money pened, andour in any venture no matterspeculahow tive initbe. So, whywe naturemightdo have to make mismanaged insurance companies solvent again? the Because when you areonly game in town you can make your own rules. I think that it is time for national and state governments to take a good lookINSIDE atthe insuranceisAPPLICATOR AGREEl\\IBNTS whatindustrydoing tosmall businesses bytoUPDATE tryingrecoupDirect for a Director lossessustainedbytheirownmis . 2 management in a onetwoperiod.For a number of years, MRCA hasSafety. . . 3 . oryearprovidedupdatesonourreviewofThe Roofing Industry in 2010 3 tovariousapplicatoragreements.In New Members Consideration should be givenlegislationrequires these companies3 thattocludedthis reporta copy of ourIowa Association News \\._)imittheirrateincreasestoasmallwithis. 3 most current edition of the applicatorManufacturer\'s News . . percentage each year. Also, this legis 4 lation should limitamountmoneyagreements update. For additional intheofformation regarding thiscontact giventhe wronged party for punitiveupdate tothe MRCA office. damages. Maybe then we wouldn\'t have'