ASSOCIATION OF MARINE UNDERWRITERS OF SAN FRANCISCO
MINUTES OF THE ANNUAL MEETING
HELD ON TUESDAY, DECEMBER 2, 2003
AT THE OFFICES OF FIREMAN’S FUND/McGEE, SAN FRANCISCO, CA 

119^th Annual Meeting was called to order by President Yerian at 10:30 AM.

Members Present: 

Review of 2001-2002 Annual Meetings Minutes from 12/03/2002 

Motion was made, seconded and carried to approve 2001-2002 Annual Meeting Minutes from Tuesday, December 3, 2002.  (It was suggested prior to that the Secretary could forgo reading the Minutes verbatim in order to save time.  This idea was approved by the E.C.) 

Treasurer’s Report 

Treasurer Nelson delivered a verbal report on the state of the Association’s treasury. 

Again, it was repeated that the AMU-SF is in healthy fiscal shape. 

Mr. Nelson thanked the various Committee chairs for being fiscally prudent in their discretion of outgoing funds as well as their respective events having a positive impact on the Association’s finances. 

President Yerian thanked Mr. Nelson for his highly appreciated efforts. 

A motion was moved, seconded and carried to accept the Treasurer’s report. 

Committee Reports 

GOLF:  Mr. Williams delivered a brief oral report on the 2004 golf tournament. 

Again, it will be held at Chardonnay in Napa.  Mr. Williams is hopeful that the tournament might be on the Shakespeare course this coming year.  There is still some discussion to be had on whether the Association would prefer a dining tent vs. the clubhouse for the dinner-reception.   

Mr. Williams indicated that come February or March, he would mail the first deposit check to Chardonnay to reserve this 75^th tournament.  Friday, June 18, 2004 has been floated as a possible date. 

The 2003 tournament produced around 72 golfers and 125 diners. 

EDUCATION:  Education Chair Stan Gibson informed the Association that on November 14^th the Education Committee met and formulated a new teaching approach for 2004.  A four-part seminar course will be offered in the spring 2004, to be taught by Jim Hawkins (Hull), Brian Deans (P&I), Chip Junghans (marine claims) and Julie Vogele (cargo). Each seminar will cost $75.  The seminars will be offered at a single location, probably the offices of CNA.  DOI credits will be pursued.  President Yerian approved the Education Committee’s request to place flyers at the upcoming banquet to announce the course.

Mr. Gibson thanked the prospective teachers – all of them returning AMU-SF instructors – and indicated that this will carry the Association through the first-part of 2004.  After that point, “new blood” will need to be tapped to teach future courses.  Mr. Gibson was, in turn, thanked by President Yerian and the Association for his efforts at spearheading the education effort. 

Old Business 

AMU-SF SCHOLARSHIP:  The E.C. had approved the $5,000 scholarship funds, to be used on a one-time basis for the California Maritime Academy scholarships.   The CMA has been given the latitude to use the funds as it deems fit.  Committee Chair, Ms. Vogele, informed the Association that Dr. Robert Eisenhardt will be in attendance at the banquet, accepting the scholarship monies on behalf of the CMA. 

WEBSITE:    Mr. Nootbaar provided the Association with an update on the AMU-SF website (www.amusf.com).  He mentioned the new and updated links on the website, and the need to update the “Education” and “Glossary” links, as well as obtaining a generic “President’s Welcome” and a synopsis of the 2003 golf tournament.  Also, it was affirmed that the 2003 CMA scholarship details could be announced in the “News” link. 

New Business 

APPLICATION FOR MEMBERSHIP:  President Yerian informed the Association that the E.C. had approved all 18 applicants for membership. 

ELECTION OF DIRECTORS FOR 2006 CLASS:  Nomintating Committee Chair, Kenneth Yoshii (other members – Tony Edgcombe and Brett Eckert) submitted the slate for directors on the Executive Committee for the 2006 class.  They are as follows:

Mr. Philip B. Nelson – Fireman’s Fund/McGee
Mr. Tom Deist – Marsh
Ms. Julie Vogele – ACE USA 

A motion was moved, seconded and carried to approve the nominated Class of 2006. 

Finally, discussion ensued regarding the career and background of Mr. Gordon Beasley, past president of the AMU-SF.  It was agreed that a moment of silence would be observed at the upcoming banquet to honor his memory. 

A MOTION WAS MADE, SECONDED AND CARRIED TO ADJOURN THE MEETING AT 11:17 AM.

(THE NEW EXECUTIVE COMMITTEE’S DIRECTORS WERE ASKED TO REMAIN IN ORDER TO NOMINATE AND ELECT THE 2003-2004 OFFICERS AND ESTABLISH THE 2004 MEETING DATES/TIMES.)

Respectfully submitted,
__________________________

Tom Nootbaar
2002-2003 AMU-SF Secretary

December 11, 2003