Masonry Magazine June 1973 Page. 18
N.Y. Masonry Group Honors Perri
Ralph Perri (center), son of the late Anthony D. Perri, proudly accepts the Associated Brick Mason Contractors of Greater New York "Man of the Year" award for 1972 on behalf of the Perri family. Presenting the ring that went with the honor is Anthony J. Zotollo (left), president of the association and an MCAA regional vice president. Smiling his approval is Frank Filloramo, chairman of the awards committee. Mr. Perri was to have received the award last year but was hospitalized at the time and died shortly thereafter. Mr. Perri was both a past-president and a former vice president of MCAA and had served as chairman of a number of its important committees.
Mich. Group Promotes 'Career World'
The Mason Contractors Association of Western Michigan and its promotion affiliate, the Masonry Institute of Western Michigan, participated in the Holland Chamber of Commerce "Career World." Objectives were to expose students to more information on career job opportunities. Pictured is a potential future mason laying brick on a wall set up for student use to get the feel of bricklaying. In the background are Al Hazewinkel, president of Hazewinkel Bros. Thomas E. Hogan, secretary of Thomas E. Hogan Co., and John Hazewinkel of Hazewinkel Bros.
MCAA Insurance Program
Q. What is the MCAA/CNA Plan "retainer" kept by the insurance company?
A. 28.8% for Workmen's Compensation, 38.0% for other lines.
Q. What if I buy my Workmen's Compensation insurance from a non-stock company which pays its own dividend?
A. Well, for one thing that probably means you are not represented by an independent broker-agent working for you. We like to think he's worth something.
Q. But isn't the mutual company dividend guaranteed?
A. No.
Q. When is the MCAA/CNA stock-company Premium Discount deducted?
A. In advance, before you pay anything.
Q. When is the mutual dividend deducted?
A. After your policy expires and is finally audited.
Q. So my mutual dividend is held up for a longer period of time before I get it?
A. About 14 months on the average.
Q. How are the MCAA/CNA dividends to be distributed?
A. Pro-rata, based upon the amount of premium you paid into the MCAA/CNA plan that year. Because Umbrella Excess coverage is designed to cover catastrophe losses, it is not subject to dividend treatment.
Q. Once received, can CNA take all or part of that paid pro-rata dividend away from me because losses turn out worse than anticipated?
A. No. Dividend distributions are final once made.
Q. Who handles my insurance account?
A. An independent agent representing you in your local area. (If you are not with a stock company you will be called on by a professional agent in your area.)
Q. How does it all get coordinated then?
A. MCAA's insurance consultant, Walter T. Derk of Fred S. James & Co. in Chicago, acts as overall administrator and coordinator of the national program in close cooperation with MCAA headquarters, providing the dual advantage of independent local broker/agent services to the member and concentrated countrywide facilities of our regular national consultants working directly with the home office management of CNA in Chicago.
Q. What part of my premium dollar or percentage of any dividend goes to MCAA or its local affiliates?
A. None. All of the premium not required by the insurance company to cover their expenses and actual losses sustained is available for dividend treatment.
Q. How do I get further information or apply for a quotation?
A. You have been or soon will be contacted by your professional independent insurance agent in your area. If you have not, please call the MCAA Coordinator at CNA-phone (312) 822-5240 in Chicago.
Q. What if I have an insurance problem to discuss right now?
A. Contact Dick Lietz at (312) 822-5240. He will do his best to be of assistance in getting your agent apprised of the MCAA program as soon as possible.
We have come a long way in the program's development. We feel you owe it to yourself and your firm to fully assess with your agent this comprehensive plan that may save you a meaningful amount of the money you spend for commercial insurance. masonry • June, 1973