FREDRIC W. SCHULTZ, CPCU, ARM
Mr. Schultz is Chairman of the Board, Secretary, a Director and a Principal Consultant of Insurance Buyers’ Council, Inc.He started with Insurance Buyers’ Council in 1974, left in 1977 for another risk management consulting firm in New England and rejoined IBC in 1980.
He is a graduate of the University of Maryland with a Bachelor of Science degree in Economics. He has received the designations of Chartered Property and Casualty Underwriter (CPCU) and Associate in Risk Management (ARM). He is a member of the Society of Risk Management Consultants, an international association of risk management consultants which has strict ethical and experience requirements.
Mr. Schultz has spoken before such diverse groups as the Insurance Commissioner’s Office of the State of Maryland, the Maryland Association of CPA’s, the Mechanical Contractors Association of America, the Northeast Regional PRIMA conference, the Mid Atlantic PRIMA conference, and the Association of Governmental Risk and Insurance Pools.
He has served as an expert witness in several cases involving insurance coverage or agent responsibility issues for Baltimore and Philadelphia area law firms.
Mr. Schultz has had primary responsibility for completion of the following projects:
Preparation of specifications for administration, loss control and claims services, and analysis of the subsequent proposals for a group liability self-insurance fund (pool) for Boards of Education in the State of Maryland. He assisted in the development of the Bylaws and Trust Agreement for the newly established entity. The liability pool began operations October 1, 1986.
He also developed a property pool for this group effective January 1, 1988. He continues to serve as consultant to the Maryland Association of Boards of Education Group Insurance Pool;
Development of a feasibility study concerning a group self-insurance pool for property and liability exposures for various townships and boroughs in Montgomery and Bucks counties, Pennsylvania. The work included negotiations with service providers, brokers, reinsurers and attorneys, as well as continuous discussions with the study participants. The study group formed the Delaware Valley Insurance Trust on January 1, 1989. Mr. Schultz still serves as consultant to the Trust;
A related group, known as the Delaware Valley Workers’ Compensation Trust, was the first such group approved in the State of Pennsylvania and began operations on January 1, 1992. He is still consultant to that group; and
Negotiation of a nationwide property and liability insurance program for small firms for the American Institute of Architects Trust. The program began in late 1996. Mr. Schultz maintains his consulting role with the AIA Trust.
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