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Thomas Jones Recognized as Leader and Innovator in the Insurance Industry

9/25/2008 --

Director of the BBA Program and Executive-in-Residence at the Ross School of Business was recently inducted into the Michigan Insurance Hall of Fame.

ANN ARBOR, Mich.—The Ross School's Thomas C. Jones, senior advisor to the executive officers of the Hagerty Group, former management consultant, insurance executive and insurance commissioner for the state of Michigan, was inducted into the Michigan Insurance Hall of Fame Sept. 17.

During his tenure as commissioner, Jones encouraged competition in the property-casualty insurance market, initiating steps that eventually led to less regulation and industry "cartel" pricing. Ideas for the Essential Insurance Act and works compensation rate-making reforms also developed during his administration.

Jones is a strong proponent of education, serving as director of the BBA Program and Executive-in-Residence at the Ross School, as well as other leadership roles at the University of Michigan and Northwestern Michigan College.

The Michigan Insurance Hall of Fame was established in 1994 as a way to pay tribute to individuals who have made a significant impact on the ability of the Michigan insurance and risk-management industry to serve the public. An election panel, representing a cross-section from insurance and risk management, identifies leaders and/or innovators who have made significant contribution in five areas: product/service development, education, recruiting new participants, legislative and regulatory activity, and exemplary service.

Jones was acclaimed as an outstanding leader, legend, and innovator in the insurance industry at the 15th annual induction ceremony that took place on the Olivet College campus. Throughout his career, he has proven to be an invaluable contributor both to the insurance industry and to the Ross School of Business alike.

For more information, contact:
Bernie DeGroat, (734) 936-1015 or 647-1847,