Susan D. Waring, CLU, ChFC, recently became the first woman to ever be inducted into The American College's Alumni Hall of Fame. The executive vice president and chief administrative officer – State Farm Life and vice president – health was nominated by her peers and selected based on her active participation in volunteer efforts for The College. Waring was inducted in a ceremony at The College's annual Knowledge Summit in Boston.
The Alumni Hall of Fame recognizes graduates of The College who have made extraordinary contributions in time, effort and energy to the nation's premier financial services educator. Individuals must be long-term volunteers of The College and active participants in The College's community and learning environment. Waring is only the fifth individual to be inducted into The American College Alumni Hall of Fame.
The selection of the Alumni Hall of Fame recipient is based on the recommendations of a review committee comprised of past Hall of Fame inductees and the president of The American College Alumni Association.
"Susan Waring's selfless dedication to The College and her service as a champion of women in financial services make her more than deserving of this honor", said Larry Barton, Ph.D., president and CEO of The American College. "Her work on The American College Foundation Board of Directors, leading committees and helping create the State Farm Chair in Women and Financial Services, demonstrates her commitment to professional education."
"I am a passionate supporter of lifelong learning", said Waring. "My entire career has been about moving forward and embracing new challenges in various positions at State Farm. None of that would be possible without a desire to confront challenges and always learn and grow."
Waring was born and raised in upstate New York, Waring moved to central Pennsylvania in 1967. She graduated from Gettysburg College in 1971 with a bachelor's degree in history. In 1975, she earned a master's degree in counseling psychology from Shippensburg University.
Waring worked in academics for 15 years before becoming an insurance agent with State Farm Mutual Automobile Insurance Company in Mercersburg, PA in 1986. Over the next two decades, she steadily progressed in roles of increasing responsibility with the company, achieving her first promotion to agency manager in Hanover, PA, in 1990. Four years later, she moved to Concordville, PA to assume the position of agency director.
In 1996, Waring was named executive assistant – agency in the president's office and moved in 1997 to Ballston Spa, NY to become vice president – agency. Three years later, she advanced again to vice president – mutual funds, moving back to the home office in Illinois. In 2001, Waring became senior vice president and chief administrative officer at State Farm Life Insurance. She assumed her current position of executive vice president, chief administrative officer – State Farm Life and vice president – health in 2004.
While making a name for herself at State Farm, Waring simultaneously earned the Chartered Life Underwriter (CLU) designation in 1997 and the Chartered Financial Consultant (ChFC) designation in 2004. Both designations are offered exclusively by The American College.
Waring has a significant history of support for The American College and strives to strengthen education for women in financial services. In 2004, she was instrumental in the creation of the first State Farm Women's Symposium on the institution's campus in Bryn Mawr, PA. In 2007, she led a panel to create and endow the State Farm Chair in Women and Financial Services, a post recognized for its production of top academic research and publication. The State Farm Chair is currently held by Mary Quist-Newins, ChFC, CLU, CFP, assistant professor of women's studies at The American College. Waring also serves as secretary for The College's Foundation Board of Directors.
Outside of The College, Waring is a past member of the board of directors for the Life Office Management Association (LOMA) and LL Global. She also serves on the board of the Medical Information Bureau (MIB) and ACLI. In addition, she serves on the board of trustees at Illinois Wesleyan University. Waring has been married to her husband, Russ, for 36 years. They have raised two children.