NeSLA Logowsletter
 

September 2015

In This Issue

 

2015 Board Members
  
Chris Nichols - President
PLS Claims
770-381-8855

Lawson Thompson - 
Vice President
Frontier Adjusters
770-951-0044

Gwendy Schulte - Treasurer
OneBeacon Insurance
781-332-8688
  
Robbie Maples - Secretary
Cunningham Lindsey
770-828-0098
  
Marilyn Roberts - Asst. Secretary/Treasurer
ACE North American Claims
678-795-4293
  
Executive Board
  
Dominic Thurston - Past President
FM Global
770-777-3641
  
Griffin Rogers
Crawford & Company
404-300-1262
  
Randall Campbell
Camco Claims
866-421-2219
  
Kristin Miller
AmWINS Brokerage of GA
404-920-3758
  
John Southall - Historian
770-331-8572
  
Howard Zandman - 
Financial Advisor
Habif, Arogeti & Wynne
404-813-4915  
Quick Links
  
    

 Schedule of Events

 

09/10/15 - September luncheon

 

10/15/15 - Fall Golf Outing

 

10/15/15 - Scholarship Applications Due

President's Message
 
 
Greetings to all,
 
I hope that many of you enjoyed our annual Continuing Education Seminar last month - it was a new venue and we've received positive reviews on it.  We had some great speakers and interesting topics.  If you missed this year's seminar, you missed a good time of learning followed by some fun hitting golf balls at the Top Golf range...I hope that we'll continue to build on this great event in the years to come.
 
My hat's off to Gwendy Schulte, Candace Caldwell, Kim Clayton and the other volunteers for putting together a great seminar; way to go, ladies!  Thanks also go out to our sponsors that make these events possible. 
 
The sweltering heat is losing its iron grip on Georgia as we move into late summer, which means that another fantastic SLA event approaches on the horizon.  Registration is open for the Southern Loss Association's semi-annual Golf and Tennis Tournament. 
 
If you have not yet registered, I encourage everyone to do so as promptly as possible.  Space is limited and quickly filling up.  Please contact Susan Freeman ( [email protected] ) with any questions about registration, sponsorships, or the tournament generally. 
 
For everyone that has attended our luncheons this year, when combined with the CE seminar, you will have accumulated 12 hours of CE, including 4 hours of ethics, so far this year.  And we're not done yet.  I'm proud to be lead a great team that has helped us provide value to our members.
 
Please contact me or any other board members with your feedback on our meetings, venues, CE, or any other interests or concerns that you may have. 
 
I look forward to seeing you at our September luncheon.
 
Chris Nichols
President - 2015
  
Join us for the September Luncheon
Our speaker will be  Phillip Andrew Jessup, R.A., with Southeast Studios, Inc.  for a discussion of how to "Avoid Added Costs in Your Project--Codes and the Services of Design Professionals in Damage Repair, Renovation and Construction."   
  
  

Southeastern Studios is also sponsoring our luncheon.

 
 SCHOLARSHIP APPLICATION
  
The Southern Loss Association is now accepting applications for scholarship awards to be awarded at the Christmas luncheon.  Do you know a qualified student? Please print this newsletter or follow the link to our website to print the application. 
  
 
2015 Southern Loss Association Scholarship Application

This application is for a scholarship awarded by the Southern Loss Association. To be eligible for this  Scholarship, the applicant must:
 
A) Must produce evidence of enrollment as a full time student at a post-secondary  institution accredited by accrediting agencies or state approval agencies recognized by the U.S.  Secretary of Education for the school semesters of Spring 2015, Fall 2015, and/or Spring 2016;  Include evidence of current GPA and Classification (i.e. Freshman, Sophomore...) 

AND either "B" or "C"
 
B) Be the child, grandchild, great-grandchild or a legally adopted child of a current dues paid member of the Southern Loss Association,

OR
 
C) Include a written letter of recommendation from a current dues paid full or associate member of the Southern Loss Association.
 
Please send a completed application to the following address:

Southern Loss Association Scholarship Applications
PO Box 421564
Atlanta, GA 30342
 
All scholarship applications must be post marked by October 15, 2015.

II. Personal & Education Information: (Please print)

Last Name First Name MI
 
Address City State Zip
 
Home Phone, Alternative Phone, and Primary Email Address
 
 
Southern Loss Association Member Sponsor Name & Contact Telephone
 
High School Attended Postsecondary Institution (College / University) GPA
 

III. Extracurricular: Activity Role & Responsibilities (Attach a separate sheet, if necessary)

1.
2.
3.

IV. Plans and Dreams for the Future: (Attach a separate sheet)
 
V. Essay Question:
What person or persons in your life have made a difference in your character development and why?
Please attach your typed essay. The essay should be no more than 250-300 words in length.
 
Applicant Signature


 
SLA Member Signature
 


              The 2015 Fall Golf and Tennis Outing
             

The 2015 Southern Loss Association Fall Golf and Tennis Outing will be held at Chateau Elan Golf Club on Thursday, October 15, 2015.

 

Registration begins at 10:00 a.m.  Golf begins at 11:30 AM - Tennis begins at 1:00 PM - Dinner at 6:00 PM

 

Fees are as follows:

         Golf & Dinner                $110.25           

Tennis & Dinner              $68.25

Dinner (per person)          $36.75

 

Register now!

 

 

    
Scratch & Scam: Lottery Losses  
By DM Studler
 
At today's convenience stores and gas stops, customers can fuel their cars, pick up a quick snack or cup of coffee, and take a chance at winning millions. Convenience stores and gas stops make a steady income from the sale of lottery tickets and online lottery sales. The lottery sales are also a draw to bring customers to the stores so customers will make other purchases while in the store. Just as customers are drawn to the thrill of the scratch off lottery ticket, so, too often, are the stores' employees. Newspaper headlines tell the tale: Employee Steals Lottery Tickets - Pockets Thousands in Cash - Owner in Shock.
 
The Retailer
The retailer makes 4-6% from ticket sales and is paid the fee on winning ticket pay outs. Store owners who sell lottery tickets are required to allow state lottery commissions to automatically withdraw monies from their bank accounts when lottery tickets are activated and other criteria are met. Many retailers set up separate bank accounts into which lottery sales are deposited and from which the lottery commission withdraws its monies. Retailers believe the bank account balances will increase over time as they sell lottery tickets. Retailers receive a call or notice from the lottery commission because the bank account is overdrawn. It is the first time the retailer becomes aware employees are stealing lottery tickets.
 
If retailers do not verify beginning number of tickets and ending number of tickets and confirm the number of tickets is equivalent to lottery sales deposited on a daily basis, tickets can go missing. Subsequently, the retailers have no inventory records of the number of lottery tickets.
 
The Claim
When submitting a claim to insurance companies, the retailer tries to make a claim based on how much the lottery bank account is overdrawn, in addition to the fees the retailer believes he or she should have earned. However, the overdrawn bank account does not represent the amount of lottery tickets stolen. The overdraft balance can represent lottery deposits not made into the lottery bank account but deposits into another bank account. The retailer could have taken more withdrawals than the actual fees and commissions the retailer had earned.
 
When faced with lottery claims, consider the following:
 
  • Confirm lottery sales are deposited into the lottery bank account.
  • Confirm withdrawals made by retailers are equivalent to the retailers' earnings from lottery sales.
  • Consider and exclude the retailers' commissions and profits as those are indirect results from the stolen lottery tickets.
  • Consider any evidence available besides the inventory computation of missing tickets or profit and loss computation to support stolen tickets and not poor recordkeeping results.
For more information on this topic, please contact Ms. Studler at:
 
SDC CPAs, LLC
GLOBAL INVESTIGATION & FORENSIC ACCOUNTING SERVICES
1444 N. Farnsworth Ave.
Suite 500
Aurora, IL 60505-1644
630.820.5770          Fax 630.820.5765
  

Become a Member of Southern Loss Association

 

Would you like to join Southern Loss Association or know someone who is interested?  We can now take your membership application right on line! 

 

Membership is limited and subject to approval by the board of directors and its membership body.  Please read all the terms on the application!

 

Apply today!

 

 

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