Scholarships for ‘Incredible’ Adjusters

May 8, 2006

When Mr. Incredible (From the Disney/Pixar Animated Hit “The Incredibles”) needed a new job after saving the world, it’s no surprise he became an Insurance Claim Adjuster. Being a claim professional requires near super-human intelligence, courage, training and supporting systems.

Or something close to that, said the T. Mark Fay Foundation when announcing the creation of a scholarship fund to help more incredible people join the exciting world of insurance claims. The Foundation plans to award $3,000 annual scholarships to selected college juniors and seniors this fall to help them prepare for a rewarding career.

“This is part of an industry-wide effort to identify, mentor and support the bright young people we need in our industry,” said Mark Fay, President of T. Mark Fay Consulting. “The U.S. economy depends on a strong insurance community. That strength comes in large measure from great claims people who evaluate and control the economic costs of catastrophe and help ease the human trauma involved.”

While there is no requirement that a recipient takes a job as a claim representative, Fay hopes that occurs. “My goal is to give young people the incentive and the opportunity to explore this option. After that, the nature of the job will delight and inspire many of them.”

Each scholarship is named after an insurance claims executive. Recipients of that scholarship are selected by this executive who mentors them throughout their college years. When they graduate, the executive acts as a job coach and helps identify opportunities and contacts for the graduate.

“I am honored to be one of the first namesakes of these scholarships,” said James J. Gebolys, Regional Claim Manager for a large U.S. carrier. “When I hired Mark as a claim rep over 20 years ago, I knew he was passionate about succeeding as a claim professional. Now he is also instrumental in developing talented young people to bring to the insurance industry.”

The T. Mark Fay Foundation is funded by periodic grants from T. Mark Fay Consulting, Inc. T. Mark Fay Consulting, Inc. provides training, knowledge management and decision support systems to claim professionals across the United States.

Additional details are available at:

Source: T. Mark Fay Consulting, Inc.

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