Iowa insurance hall of fame to induct 5 new members
Friday, April 25, 2014 7:00 AM
Five esteemed Iowa insurance professionals will be honored in May as the newest members of the Iowa Insurance Hall of Fame. The professionals who will be honored are:
• Loren Coppock, a founding principal of TrueNorth Cos. in Cedar Rapids
• The late John Evans, founder of Farmers Mutual Insurance, now Grinnell Mutual
• Pat Knueven, owner, Knueven Insurance and Investments, Urbandale
• J. Douglas Reichardt, chairman emeritus of Holmes Murphy & Associates
• Wendy Waugaman, former president and CEO of American Equity Investment Life Holding Co.
Loren Coppock was one of three business owners who in 2001 formed TrueNorth Cos., which under their direction has grown significantly. Previously, he was principal of insurance agency Davis Jones Lamb, one of the companies that became TrueNorth. Coppock began his insurance career in 1975 and has worked as a stockbroker, insurance underwriter, agent and agency owner. He is a past president of the Independent Insurance Agents of Iowa and in 2000 received the prestigious H.H. Red Nelson Agent of the Year Award.
John Evans, a pillar of the Iowa insurance industry in the early 1900s, played a part in founding two of Iowa’s leading insurance companies. After helping to organize Iowa Farmers Mutual in 1909, he served as a director of that company. In 1929, he helped to found Allied Mutual Automobile Association and served as its first president. Before his death in 1944, he was president of the Iowa Mutual Tornado Association, now The IMT Group. He was active in Grinnell, serving on the city council.
Pat Knueven’s career began 40 years ago with Bankers Life, now Principal Financial Group Inc. He served in numerous leadership positions with the National Association of Insurance and Financial Advisors (NAIFA) Central Iowa , and received several NAIFA awards, including the Newell C. Day Award of Excellence, the organization’s highest recognition. Knueven has been involved with Variety Club, Urbandale Chamber of Commerce and Iowa State University.
Doug Reichardt literally worked his way up the corporate ladder of Holmes Murphy & Associates, starting as a college intern with the insurance brokerage in 1976. Reichardt was first elected to the company’s board in 1984 and in 1993 was named chairman and CEO. He retired from the company in January 2010 with the title of chairman emeritus. He was known for paying attention to the development of others and helping employees to hone their leadership skills and to increase their knowledge of the insurance industry. He has held leadership positions in the Greater Des Moines Partnership, Greater Des Moines Convention and Visitors Bureau and the Wellness Council of Iowa.
Wendy Waugaman began her career as an attorney and was one of the first female partners of the Whitfield & Eddy law firm in Des Moines. Also a certified public accountant, Waugaman served as outside corporate counsel to the Statesman Group and later American Equity Investment Life Holding Co. She joined American Equity in 1999 as chief financial officer and general counsel, and was instrumental in taking the company public in 2003. She was named American Equity’s president and CEO on Jan. 1, 2009, the first female to take that role in a publicly traded insurance company in Iowa. Waugaman served as president of the Iowa Federation of Insurers and on numerous nonprofit boards, among them the Des Moines Metro Opera, the YWCA of Greater Des Moines and Buena Vista University. Waugaman passed away in June 2012 at the age of 51.
An induction ceremony will be held May 20 at the Olmsted Center at Drake University. Tickets are $35 per person or $350 for a reserved table of eight. Reservations should be made by May 14 to Brenda Kluger at Independent Insurance Agents of Iowa, (515) 223-6060, ext. 14, or by email to Brenda@iiaiowa.org.
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