MURFREESBORO,
Tenn. — Three longtime insurance professionals are the latest inductees
into the Robert E. Musto Tennessee Insurance Hall of Fame at Middle Tennessee
State University.
This year’s inductees included
John Dewald of Memphis, John Milam of Knoxville and Dennis Stephen of Columbia. The induction ceremony
was held July 26 at the Embassy Suites Hotel and Conference Center in
Murfreesboro.
The Insurance Hall of
Fame has now inducted 65 members since its inception. The hall is coordinated
through the Tommy T. Martin Chair of Insurance in MTSU’s Jennings A. Jones
College of Business.
John Dewald
A Texas
A&M University graduate, John Dewald served a stint in the U.S. Air Force
before becoming an early pioneer in the insurance brokerage industry firm. He
started his career with Aetna Life Insurance Co. in 1962, forming his own firm,
Dewald & Associates, in 1964.
Along
with wife Sue, who worked in the business with him, Dewald later changed the
name to Agency Services Inc. (ASI) in 1977. Throughout his career, Dewald was
active in professional organizations such as the National Association of Life
Underwriters and the National Association of Insurance and Financial
Advisers. In 1982, Dewald’s son, Jack,
joined his father in the business, and in 1994, Dewald retired at age 60,
selling the firm to his son.
Dewald
has been very involved civically, holding leadership positions on a variety of
community service organizations, including the Memphis Salvation Army Advisory
Board. In late 2013, Dewald was honored by the Memphis Salvation Army as the
only “Emeritus” Board Member ever recognized.
John Milam
MTSU
alumnus John Milam is executive vice president, human capital and benefits, for
Willis Towers Watson in Knoxville, a firm at which he’s worked since age 22. A
native of Tupelo, Mississippi, Milam moved to Nashville with his family when he
was 11. He attended Nashville schools and later earned his business degree from
MTSU.
Milam is
a member of the Million Dollar Round Table (MDRT) and the Top of the Table, two
of the most elite professional organizations for financial service
professionals. He was named Tennessee Association of Insurance and Financial
Advisers Professional of the Year in 2003.
Among
his civic contributions, Milam served six years on the United Way Board of
Directors. He has also served as president of several professional associations, including The Dream Connection, a wish-granting
organization for seriously ill children. Last year, MDRT awarded a $50,000
grant to The Dream Connection in Milam’s honor for his work with the
organization. It was the largest grant ever given by the 43,000-member MDRT on
behalf of one of its members.
Dennis Stephen
Dennis
Stephen is the retired chief operating officer, life insurance operations, for
Tennessee Farmers Insurance Companies in Columbia. Stephen graduated from
Nashville’s Lipscomb University with a bachelor’s degree in business and
started his insurance career in 1971 at Confederation Life Insurance Company in
Toronto, Canada.
He
joined Tennessee Farmers Life Insurance Company as its first Home Office
employee in May 1973, was later promoted to a director and then a vice
president in March 1987. He became COO in July 1994 before retiring at the end
2015. He continues to serve as management consultant for Tennessee Farmers
Insurance Companies.
His
civic involvement includes serving four years as board chairman for Columbia
Academy, a private Christian school that serves pre-school through 12th
grade. He served as a member of the school’s board of directors for 15 years
and on its executive committee eight years.
About the Insurance Hall of
Fame
The
Robert E. Musto Tennessee Insurance Hall of Fame, created on the MTSU campus in
1999, honors entrepreneurs who created insurance companies and the agents and
company employees who have made a difference in their companies and their
communities, significantly affected the lives of many people and advanced the
role of insurance in society.
The Hall
of Fame is named for the late Robert E. Musto, longtime vice president of the
National Life and Accident Insurance Company. The hall, which is under the
auspices of the Tommy T. Martin Chair of Insurance in MTSU’s Jennings A. Jones
College of Business, is located on the west wall of the first-floor south
lobby of the Business and Aerospace Building at MTSU.
MTSU
offers an insurance concentration through the Department of Economics and
Finance within the Jones College. For more information about the department, go
to www.mtsu.edu/econfin.
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