Providing Insurance, Risk Management and Financial Services since 1935.
New Orleans, LA
Michael Herzak II, newest Board member of the Cleveland chapter, attended the NTMA's Leadership Summit in New Orleans, LA this past January. This Summit brings NTMA members from around the country to discuss and work together to improve attendance, attract new members, engage new board members, as well as review member benefits.
SYOSSET, NY [OCA] — Michael Herzak (Mickey) of Insurance Systems Group, Inc., and his two sons, Mike and Dan, as well as GuideOne representatives recently presented a check for $41,965.00 to His Beatitude, Metropolitan Tikhon, the result of a special Loss Control Benefit representing reduced claims and losses among those parishes and institutions that participate in the voluntary Orthodox Church in America Group Insurance Program.
Since its inception, the OCA GAP Rewards has earned bonuses totaling more than $165,000!
Established over 20 years ago, Shop with a Cop is a year-round fundraising campaign of the Cleveland Police Patrolmen’s Association. This campaign allows underprivileged children to Christmas shop for themselves and their families. Mike Jr. and Dan participate annually in the fundraising as well as chaperones for the day of the event.
If you would like to make a donation or learn how you can get involved, please visit CPPA.org.
FOCUS North America: FOCUS is a national movement of Orthodox Christians, united in faith and joined by a desire to provide action-oriented and sustainable solutions to poverty in communities across America. FOCUS has operations and youth volunteer experiences in more than 20 cities in the United States. FOCUS exists solely to transform the lives of the homeless and poor in America, moving them from dependency to self-sufficiency, by providing food, occupation, clothing, understanding and shelter.
Currently, Michael Herzak Jr. serves on the Cleveland Chapter Advisory Board which operates St. Herman’s House on the westside of Cleveland. St. Herman’s House serves over 70,000 meals annually and houses up to 26 men in need of shelter.
OCA GAP Members Another Receive Bonus
SYOSSET, NY [OCA] — Michael Herzak of Insurance Systems Group, Inc., and his two sons recently presented a check for $50,651.00 to His Beatitude, Metropolitan Tikhon, the result of a special Loss Control Benefit representing reduced claims and losses among those parishes and institutions that participate in the voluntary Orthodox Church in America Group Insurance Program.
Over the past three years, the GAP Rewards have returned just shy of $115,000.00 to member parishes.
“In 2006, the Orthodox Church in America established a voluntary, optional Group Affiliation Program [GAP] offered through Insurance Systems Group, Inc. with GuideOne Insurance Company to be able to offer a special insurance benefit to OCA parishes, institutions and organizations,” explained Mr. Herzak. “Among many other benefits, it provides a Loss Control Bonus for reduced claims and losses within the group. When member churches work together to prevent and reduce losses, they can earn this Loss Control Bonus.”
When the program was established, the OCA made the decision to distribute back the bonus to the participating parishes and institutions.
“This year the loss ratio for the group was 14%, well under the required maximum loss ratio limit for a bonus,” Mr. Herzak continued. “Consequently, one hundred and seventeen parishes and several institutions have shared proportionately in the bonus check. The proportion is based on the parish or institution’s premium compared to the GAP premium as a whole.”
The GAP also includes coverages such as a property coverage enhancement that gives 25% more coverage subject to a $1,000,000.00 maximum at no additional charge, broad coverage for iconography, sexual molestation, directors’ and officers’ (trustees’) coverage and more.
“This is the fourth time such a bonus has been distributed, but has increased 38% from last year’s and is up 65% from the year previous to that.” Mr. Herzak added. “This means that member parishes have done an incredible job of controlling their claims and losses. When they do, everyone in the group benefits.”
Insurance Systems Group, Inc. is a premier broker of property and casualty insurance to Orthodox churches of all jurisdictions in the US. Principals Michael G. “Mickey” Herzak, Michael G. Herzak, II and Daniel C. Herzak are unique in that they are Orthodox Christians who understand both the distinctive attributes of Orthodox churches and the coverage ramifications of insurance. They can be contacted at 800-860-3075 or through their website at orthodoxinsurance.com.
GuideOne Insurance of West Des Moines, IA, is the largest writer of churches and related institutions in the country. They have been “A” rated by A. M. Best Co. Over the years GuideOne has paid out millions of dollars for OCA parish claims.
Mike Jr. and Dan attend the 43rd Greek Orthodox Archdiocese Clergy-Laity Congress in Nashville, TN to promote Insurance Systems’ Orthodox church program.
A Orthodox faith based charity, IOCC offers emergency relief and development programs to those in need worldwide, without discrimination, and strengthens the capacity of the Orthodox Church to so respond. IOCC helps to enable those in need to continue to improve their own lives and communities and to have the means to live with dignity, respect and hope.
In 2011, Michael Herzak Sr. and his wife, Paula, received the Diana Zamiska Award for their exemplary work and dedication to the mission of International Orthodox Christian Charities (IOCC). Involved for more than 17 years, both Michael and Paula have been chairman of the Metropolitan Cleveland Chapter of the IOCC.
If you would like to make a donation or learn how you can get involved, please visit IOCC.org.
