Edith F. Lichota (1929 – 1994)


Edith F. Lichota began her risk management career in the mid-1960’s with a small company in western Ohio, Work Wear, tackling product liability litigation issues.  In the 1970’s, as assistant treasurer of Carborundum Corp. she fought against the New York State Insurance Department Regulations that would have limited corporations’ risk financing options.

In the early 1980’s, Ms. Lichota became Vice President of Government Affairs with INA, during which time she supported development of the then new captive law in Vermont.  She was also Senior Vice President of Risk Management at Irving Trust Company, then the country’s 20th largest bank, from 1983 – 1988.  At Irving Trust, she led a risk management team of 26 people handling insurance andrisk financing, an insurance profit center, physical security, investigations, and business continuity planning.

Some of her risk management and insurance achievements include:

  • served as RIMS vice president of governmental affairs from 1979 - 1980;
  • member of RIMS Governmental Affairs Committee, serving as chairperson from 1978 – 1979;
  • served with the Committee of 13, which was responsible for drafting the bylaws of the original New York Insurance Exchange;
  • named “Woman of the Year” by the Association of Professional Insurance Women (APIW) in 1986;
  • the first woman to be named “Risk Manager of the Year” by Business Insurance in 1987;
  • received the RIMS Richard W. Bland Memorial Award that recognizes outstanding performance and effort by a member in the area of legislation or regulation related to risk and insurance;
  • received the RIMS Harry and DorothyGoodell Award in 1990 recognizing outstanding lifetime achievement in the field of risk management.

Edith Lichota made a career of being a leader in risk management and business for 28 years before her passing in November 1994 at age 65.