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This profile was last updated on 1/13/16  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Joe F. Bieniek

Wrong Joe F. Bieniek?

Vice President and Senior Consult...

Phone: (800) ***-**** ext. ****  
Email: j***@***.com
First Consulting & Administration Inc
1020 Central Suite 201
Kansas City , Missouri 64105
United States

Company Description: First Consulting & Administration is an insurance regulatory compliance consulting firm that has served the insurance industry since 1969. We have developed a...   more

Employment History

Board Memberships and Affiliations


  • BBA , economics
    University of Wisconsin - Whitewater
  • Bachelor of Business Administration degree , Economics
    University of Wisconsin - Whitewater
68 Total References
Web References
Life and Health News June 2014 | First Consulting, 31 July 2015 [cached]
Joe Bieniek 816.512.2832
1020 Central, Suite 201 Kansas City, MO 64105-1670 Phone: 816.391.2730 Fax: 816.391.2755 | PRIVACY STATEMENT Call: 800.927.2730
Our Team | First Consulting, 31 July 2015 [cached]
Vice President and Senior Consultant Employed Insurance Industry 1976 First Consulting 2012
As a business strategist, Joe is focused on the compliance and regulatory needs of the insurance industry working for insurance companies and agents. His insurance industry experience and background combine to fashion a professional who has established effective compliance procedures; developed successful relationships nationwide; implemented software products and introduced process changes that improved efficiencies and streamlined communication.
"The positive reputation of First Consulting & Administration coupled with my previous insurance company, vendor and NAIC experiences makes me proud working in the core activities as an industry leader" says Bieniek.
Joe currently serves on the Board of the Insurance Regulatory Examiners Society (IRES) and is an advisor to the Kansas City Chapter of the CPCU Society Board of Directors. He is an active member of the Regulatory and Legislative Interest Group Committee of the CPCU Society. Joe is the recipient of the 2002 Robert W. Lennon Award presented by the Association of Insurance Compliance Professionals (AICP) and the 2001 President's Award from the AICP in recognition of his service and dedication to the AICP. Within IRES Joe received the Schrader-Nelson Publications Award in 2012 for his article titled Demystifying Title Insurance; the Chartrand Communications Award in 2012 and in 2013 Joe received the President's Award for his contributions to the development and growth of IRES.
Executive Committee & Officers | IRES, 13 July 2013 [cached]
Joe Bieniek, AIE, MCM Treasurer NAIC Joe Bieniek is Senior Regulatory Services Advisor at the National Association of Insurance Commissioners NAIC). The Regulatory Services Division is responsible for oversight of all regulatory functions and staff support functions of the NAIC. The division is comprised of four areas of endeavor; Actuarial and Statistical Services, Financial Regulatory Services, Market Regulation and Financial Analysis. Joe provides advice and staff support for various Committees, he prepares responses to inquiries from insurance departments, state agencies, federal regulatory agencies, academics and the public. He has had numerous speaking engagements and written articles on insurance compliance and general topics related to insurance. Before joining the NAIC in 2006, Joe spent nine years at Wolters Kluwer Financial Services and over 20 years of his insurance career with the nation's largest personal lines stock company. He has handled all lines of insurance in a variety of capacities. Joe currently serves as an elected Board member of the Kansas City Chapter of the CPCU Society and as Chair of the Regulatory and Legislative Interest Group Committee of the CPCU Society. His insurance industry experience and background combine to fashion a professional who has: established effective compliance procedures; developed successful relationships nationwide; and implemented software products and introduced process changes that improved efficiencies and streamlined communication.
Terrorism Exclusions Appearing in Latest Policies, 28 Feb 2002 [cached]
Joseph Bieniek, Regulatory Compliance Manager for Uniform's compliance division, says that thus far, the insurance commissioners of 48 states have approved the language of a terrorism exclusion for large losses, and 26 state insurance departments have already given formal notice that they will allow the exclusion to be written into new commercial policies and added to existing policies as they come up for renewal.
"Reinsurance companies, who stand behind the bulk of the policies written by insurers, won't touch terrorism coverage," Bieniek said."A proposed government reinsurance program for terrorism failed in the last Congress.Without a backup, insurers feel they could be exposed to catastrophic, bankrupting losses."
"Unheard of" Cooperation
"The insurance industry and state authorities have moved quickly and with unheard of cooperation to craft the terrorism exclusion and approve its use," Bieniek said.
For example, the wording of the exclusion was worked out by ISO (Insurance Services Office, Inc.), one of several private companies that normally charge for the use of their copyrighted forms and policy clauses.
"ISO consulted extensively with the National Association of Insurance Commissioners (NAIC) to develop the language of the exclusion, and promised the Association that they would not charge anyone for the use of the language, whether they were ISO members or not," Bieniek noted.
While the involvement of the NAIC in developing the exclusion's language is an indication that it will be accepted by the individual state departments of insurance, it may not be entirely smooth sailing for companies adopting the exclusion, Bieniek warned.
"The states are now beginning to issue formal notices on the exclusion, and at least some are requiring companies adopting it to explain why they shouldn't lower their rates," he noted.
Furthermore, three of the largest states, California, Florida and New York, have yet to endorse the exclusion either formally or informally.
"The political climate in New York has led them to decide not to allow the exclusion at this time," Bieniek observed.
Exclusion Not Total
Policies with the exclusion will still cover losses due to terrorism as long the incident does not involve the release of nuclear, biological or chemical material, and as long as damage to all types of property doesn't exceed $25 million.
"That 25 million dollar level can be exceeded very quickly," Bieniek said.In addition, policies with the exclusion will still be obliged to cover any property damage losses directly attributable to fire, even if the fire was caused by an incident of terrorism.
"In addition, it's important to remember that the exclusion only applies to commercial types of insurance," Bieniek added.
IRES Foundation - Board of Directors, 13 July 2013 [cached]
Joe Bieniek, CPCU, AIE, CCP, CIC, ARC, MCM, AIS, AU, AINS IRES Treasurer
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