Milestone Elements™: Giving back to the Industry
Milestone Wealth Management Ltd. - Apr 18, 2015
Milestone Asset Management has been part of the investment and insurance landscape in Calgary for over 20 years. As such we are embedded in this community which entails participating in the professional associations we belong to, maintaining network
Giving back to the Industry
Milestone Asset Management has been part of the investment and insurance landscape in Calgary for over 20 years. As such we are embedded in this community which entails participating in the professional associations we belong to, maintaining networks of contacts and giving back in specific areas of expertise.
In one of our areas of giving back Steve Booker volunteers on the Appeals Panel with the Alberta Insurance Council (AIC). His role is to hear appeals by individuals who have been sanctioned, have had their licenses revoked or have otherwise sought to overturn rulings by the AIC. This three party panel meets roughly quarterly, in either Edmonton or Calgary to hear, deliberate and provide decisions back to the AIC. In most cases these are “de novo” hearings whereby appellants can introduce new information that may not have previously been available to the AIC. The appeal panel then has to weigh the existing body of evidence from the initial AIC decision with the new information provided to see if an overturn of the originating decision is warranted. These proceedings inevitably involve trying to strike a reasonable balance between what is fair to the individual and maintaining the public’s confidence in the self-regulatory system that has been established by the Alberta government for the insurance industry.
We have also been working on a giving back project that involves Junior and Senior High School students. It is in its infancy and there is still a lot of leg work to be put in but we are excited about it. Please stay tuned as this initiative gains momentum.