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Gerald Isom Receives 1998 Franklin Award
The Franklin Award Luncheon honoring Mr. Gerald Isom was a
resounding success with approximately 300 chapter members and others of the Philadelphia
Insurance community attending the event. Mr. Isom was visibly moved by the homage paid to
him by the Philadelphia Chapter of CPCU. He gave a resounding tribute to the CPCU
Institute and Society for promoting life long continuous education for the insurance
professional.
Mr. Isom is a member of the Board of Trustees for the American Institute for Chartered
Property and Casualty Underwriters and the College of Insurance.
Pinch hitting for Mayor Rendell, who had cancelled his appearance due to having to be
in California to do the Tom Snyder Show, our keynote speaker was Benjamin Hayllar,
Director of Finance for the City of Philadelphia. Mr. Hayllar spoke about the concern he
has for the economic development of Philadelphia emphasizing the need to maintain industry
within Philadelphia. He sited the need for review of the City’s tax program with an
eye towards greater participation from the suburban communities including the South Jersey
Philadelphia suburb.
the concern expressed by Mr. Hayllar is over the reduction of the City wage tax which
decreased the funds so needed by the City. This causes a greater dependency on State Aid,
which may be diminished in the future depending on the legislators in Harrisburg. He is
hopeful that the suburban legislators realize the value and interconnectivity of a healthy
Philadelphia. Mr. Hayllar also discussed the need for continuous improvement of the
Philadelphia schools and the monetary challenges that this would bring to the State and
City. Mr. Hayllar briefly touched on the innovation of the City’s Workers
compensation program, which was revised early in the Rendell administration and saved the
City millions of dollars in premium.
After concluding his remarks, he presented a proclamation from the Mayor in recognition
of the Chapter, the Franklin Award and our recipient Gerald Isom. The following is a
reproduction of the Mayor's proclamation.
| CITY
OF PHILADELPHIA
Tribute
Chartered Property and Casualty Underwriters
Society
Since its founding in 1944, the Chartered Property
and Casualty Underwriters Society (CPCU) has grown to more than 29,000 members and 160
chapters across the nation. Headquartered in Malvern, Pennsylvania, the CPCU Society
promotes and supports continuing education, professionalism, research, high ethical
standards, and community service among property/casualty insurance professionals. Members
carry the prestigious CPCU designation conferred by the American Institute for CPCU, have
industry experience, and agree to be bound by an enforceable code of professional ethics.
The Philadelphia CPCU Chapter
inaugurated its "Franklin Award" on April 27, 1983 to be given to a person,
organization or group for outstanding achievement and contribution to the insurance
industry in the Delaware Valley. On Thursday, March 19, 1998, the Chapter will present its
16th annual "Franklin Award" to Gerald A. Isom, President of Cigna
Property and Casualty Company headquartered here in Philadelphia.
The award highlights Philadelphia as a thriving insurance
center and the headquarters of some of the nation’s leading insurance companies.
These companies and their employees have contributed to the well-being of our city by
assisting many worthwhile charitable and civic endeavors.
Accordingly, the City of Philadelphia is pleased to present
this Tribute to the Philadelphia Chapter of the CPCU Society, in recognition of its
contributions to the insurance industry and for promoting our city as a great insurance
center.
Ed Rendell, Mayor, March 19,
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