What’s New with The Spencer Foundation

Our October newsletter highlights Foundation news and activities
Chairman's message

Ron Davis
Passion: A message from Ron Davis, Chairman

At our Gala Dinner last month, I highlighted what drives my passion for our industry:


* Fascinating work in a dynamic industry

* Exposure to international business

* Continually learning new things; and,

* Helping people and businesses accomplish their goals.


The work I and others do in support of Spencer's mission only further drives that enthusiasm, especially when I have the opportunity to work with young people and tap into their zeal and innovation.


I would like to thank all the companies and individuals who made our Gala dinner a success. That success will allow us to increase our programs for 2018, which directly benefit students.


Speaking of our programs, we are now taking applications for our 2018 full-time scholarships, internship grants and Risk Manager in Residence (RMIR) program. I encourage you to reach out to the young people you know and talk with them about the industry, the myriad career possibilities and the opportunities that Spencer provides through scholarships and grants. Further, if you know a risk manager, encourage that person to share his/her experience through our internship or RMIR program.


Earlier this month, I and a few of our Board members had the opportunity to meet with a number of our a

lumni at reception hosted by Deloitte. In addition to being articulate and intelligent, they are excited about being in the industry and appreciate all the Foundation has done and continues to do for them.


Our industry needs passionate people. Spencer's programs open the door to them. 


Thank you for helping us.



Gala Dinner review
Gala Dinner raises nearly $1 million for education programs

Many thanks to our honorees (Joe Tocco & Mike Rice), co-chairs (Stephen Oh, Robert Peretti, Michele Sansone, Doug Turk, and Hans van Heukelum) and our donors for making this year's gala dinner a success!

Also, we are pleased to share our Gala Dinner Journal  with messages from our supporters.
2018 Applications open!
Applications for our 2018 scholarships and grants are open! Click below to read the criteria and access our application portal.

Risk Manager in Residence grants (for universities) - Deadline 4/1/18

Apply to be a Risk Manager in Residence (risk managers) - Deadline 4/1/18

Our Upcoming Events

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Legislative Update

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Advocacy Newsletter | October 2017


Legislative Summit

In this issue

Legislative Summit Recap

Legislation Introduced to Limit the Federal Insurance Office (FIO)

Senate Passes Bill to Forgive $16 billion in NFIP Debt

House Passes Budget

Legislative Summit Recap Legislative Summit Recap

On October 18-19th, over forty RIMS members from across the country came to Washington, D.C. to participate in the 2017 RIMS Legislative Summit. The Summit kicked off with presentations from Capitol Hill staff who have been directly involved with the reauthorization of the National Flood Insurance Program (NFIP), RIMS members from Louisiana and Florida who discussed how they use the NFIP, and presentations from RIMS staff. On Day 2, approximately 50 RIMS members descended on Capitol Hill for meetings with their congressional leaders and staff. The goal was to share RIMS legislative priorities and advocate for a long-term reauthorization of the NFIP

Legislation Introduced to Limit the Federal Insurance Office (FIO)
The Federal Insurance Office Reform Act of 2017 (H.R. 3861), sponsored by Sean Duffy (R-Wis), and Denny Heck (D-WA), was introduced in the U.S. House of Representatives in September to reform the FIO. The bill would authorize FIO to coordinate federal insurance policy and require FIO to achieve consensus with the states before advocating or agreeing to positions in international forums, such as the International Association of Insurance Supervisors, and eliminate FIO’s authority relating to purely domestic issues, including the authority to engage in broad information gathering authority and reporting obligations.


Senate Passes Bill to Forgive $16 billion in NFIP Debt
On October 24th the U.S. Senate passed a $36.5 billion disaster relief bill that would forgive $16 billion in debt owed by the National Flood Insurance Program. The bill will now head to the President to sign. Senator Rand Paul (R-KY), during his opposition to the bill said “There’s also $16 billion in here for the flood program that continues to pay people to build in flood zones… year after year after year, we continue to rebuild in flood zones and then taxpayers are left on the hook.”

House Passes $4 Trillion Dollar Budget
On October 26th, the House of Representatives narrowly passed a $4 trillion budget that paves the way for the President’s tax reform plan. The House passed the Senate’s budget resolution by a vote of 216-212. The House made no changes to the budget that passed in the Senate last week with no Democratic votes.

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