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Past Risk Management Honor Roll® member endows scholarship


A past Business Insurance Risk Management Honor Roll® honoree has endowed a scholarship at his alma mater, West Virginia University, and directed the cash award from another risk management honor he recently received to the scholarship fund.

Last year, William R. Powell, vice president of member relations at Aegis Insurance Services Inc. in East Rutherford, N.J., pledged $25,000 to West Virginia University’s Benjamin M. Statler College of Engineering and Mineral Resources to fund scholarships for graduate students studying in the safety management program, from which he graduated in 1975.

In February, Mr. Powell received Energy Insurance Mutual Ltd.’s 2014 David L. Hadler Risk Management Award for risk management excellence in the energy industry presented by Energy Insurance Mutual Ltd. Named for the late Mr. Hadler, Energy Insurance Mutual’s former president and CEO, the award has been given annually since 2011 to an EIM member company risk manager who reflects professionalism, commitment to excellence and dedication to risk management within the energy industry.

The honor includes a $5,000 donation made by EIM to a risk management- or energy-related program at the college or university of the recipient’s choice. Mr. Powell directed the donation to the Safety Management Alumni Scholarship Program at Morgantown-based West Virginia University, EIM said in a statement.

Mr. Powell was named a member of Business Insurance’s Risk Management Honor Roll® in 1997 while manager of the risk management department at the Salt River Project in Tempe, Ariz.