b'2000 FoundationMeasuring the Insurance Benefactors and PatronsMarketplace By Mark S. Mauser The MRCA wish to thank the following MRCA F n,Buriedby the piles of data provided by the esoundatio Benefactors who pledged $5,000 to the foundation in 1999:"Information Age" wer e in, it\'s alope at chaDavid Gra Building Products Company,l,.lenge to try and forecast where the inssFirestoneCarme Ind surMike PetersonAluminumElk Grove Village, Ill.ance industryisheaded.Inanearnest PetersenCorp., Bob Tafaro Materials.,N. attempt to tell theiro insu comGAFCorp Wayne,J.st ry,rance paniesoftenoverwhelm the public with The MRCA a1s2 extends i s.t~ h~~{ u Patrons,theshearvolume onnum they are !s ~a,nt ~ ~o ndationbers ~.Q!fe\'C ~(,~,tt. nex ittYe.at-s,. the MRCA Foun- willing to provide.we had toon a .o-!rl\'l~ $1,QO pe : fort e.~ toIfrelysin. dairn f1\' ff\\ \\ \\t.-~ \\.~gle statistic to give usindication of whep99 l\'h_lanre .~brand.9,,91 Company Wa.M\'ch.weuld Ted;-\\(ans. t~ he MilR.o/ g,. r ,the insurance market is headed,sho look at ~.~" ~ - .,,.,l. ~the changes in the industry\'srl,r,en ")combinedatio. t: Raymond L. H~selton ion\'~ o1 ~mpa~y,f;Qtie Ja~l~Un ngl} I. Robert F. Huntington R@ ~Inc.,l1sExpressed as a AM~ Company,lnd1anapo formula: James Brosseau n &ing Inc., Romeoville, Ill.aratio=Losses In red+Under Expenses Ben ettBrosseau Roof combinedcur writing Clifford Johnsonire Roofing &Co.Tulsa, Okla.Premiums EarnedPrem Earned Emp InsulationInc.,iums Anthony M. SpigarelliRoofing Company, Minneapolis Central David J. Tilsen Tilsen Roofing Company, Inc.,Wis.AccordingL. Breslin and TerrieTroxel\'s Property-LiabilitMadison,to CormickE.y Dennis R. Runyan Dr .,Rapids, IowaInsurance Accounting and Finance: yspace Inc Cedar Douglas Richards Commercialfs Inc., DallasTheined ratio summarizes in one statistic the overall underonSunRoo combEd Williams ting Company, Inc., F Ohiowriting performan of the insurer during an accounting period. It Fremon Roof remont,ce Harlan L. Hanson States Roofing Company, Ames, Iowais usefulcomparinglts amonglin of in e, Centralforresu variousessurancJames A. BarrRoofing Company, Abilene, T among companies,for comparing the result of ainsurer Barrexasandsingle James Eckstein, Jr.CA Eckstein Inc., Cincinnatiover severalngiods.c t p tsalso sigaccounti per Itsomponen ar are James F. Karczewski F J Atian Roofing Corp.,lIll.nificant. An loss ratio-over and by line of insurChris senCaro Stream,compa y\'sall James C. Mansfield James Mansfield &Company,,ance-gives anthe quality of business it writes and SonsLyons Ill.indication of J Refieunaield R ing and Sheet Metal,.,Ill.may give in on the adequacy ofco \'sium ay Mansf oof Inc Lyons,formationthempany premJim GentrygSt L rates. Operating efficiency and effectiveness are measu by the Kirberg Roofin Inc,ouisred John 0. Drew-West R ing Company, Mason City,expen ratio. Mid oof Iowase John 0. Stephenson Roofing Company,l ts,.When you look at the combined r for theas a, results StephensonMaryand Heigh Mo atioindustrywholeK Baumgartner Roofing Company, Inc, Wichita, Kan.were starting to de as thegr from 104.1into urtMarlinteriorateratioewpercent1998 L.B. Morrisrs &isCompany, Kansas City, Mo.106.4 percent for.he industry as a wh isto face the results Selle Marqu Roofing1999 T olestarting JInc.,cutting during Michael J. Dalsin MDalsin Company,Sioux Falls, S.D.of heavy pricethe past few years. Michael Pettigrewrew &n Inc.,Wayne, Ind.Inrticular, the estimated combined ratiowo \' compensation in Pettig So s,Fortpa forrkers1999 has grown to 122 percen whichthe rates for comp in t,suggests2000 will definitely have to in .h mu We believe this willa funccrease Byowch?be tion of eachcompany\'s performance over the pasty meaindividualfewears, sured by theirratio. combined ikeowcarr in th pasIf you\'d Ito kn the performance of your currentieret, or ifh any other questionso insurance,give us all at 888-youaveab utpleaseca572-2467.\'dhappy to shareinformation. We bethat Mark Nauser is acontractor insurance specialist and manager of roofing the MRCA Insurance andprogram. Forre information about Bondsmo MRCA freecal/ 888/512-2467 Insurance and Bonds or aquote, 8'