NAMIC News

Bill Would Give Tax Relief to Small, Rural P/C Insurers

About 600 small mutual property/casualty insurers serving rural communities would get a tax break under federal legislation filed last week in Congress. Introduced by Reps. Erik Paulsen, R-Minn., Ron Kind, D- Wis., and Aaron Schock, R-Ill., the legislation would update …

Insurer Group Opposes Lower Named Storm Maximum Deductible in Louisiana

A proposal in the Louisiana Legislature to reduce the maximum deductible on named storms and require winds in excess of 125 miles per hour before the deductible could be applied would likely result in higher insurance costs for consumers if …

NAMIC Frets Over Workers’ Comp Bills in Hawaii

There are several workers’ compensation-related bills moving through Hawaii state legislature that one trade group is watching closely. The National Association of Mutual Insurance Companies is keeping its eye on three workers’ comp-related bills the group worries can impact costs …

NAMIC Names Hair New Federal Affairs Director

John Hair, a veteran lobbyist with nearly eight years of experience, is joining the Washington, D.C., office of the National Association of Mutual Insurance Companies (NAMIC), a trade association representing property/casualty insurance companies. Hair has been named as NAMIC’s newest …

NAMIC Honors SECURA’s Bykowski with Chairman’s Award

The National Association of Mutual Insurance Companies named John Bykowski, president and CEO of SECURA Insurance in Appleton, Wis., as the recipient of the 2013 Chairman’s Award during its 118th Annual Convention in Seattle. Bykowksi is a former NAMIC chairman …

NJM, Everett Cash Mutual Join NAMIC’s ‘Century Club’

The National Association of Mutual Insurance Companies (NAMIC) announced that two Northeast-based member companies, New Jersey Manufacturers Insurance Company and Everett Cash Mutual Insurance Company, will be joining NAMIC’s “Century Club” in recognition of their 100th anniversary. New Jersey Manufacturers …

Brokers Urge Renewal of ‘Essential’ Federal Terrorism Insurance

The federal Terrorism Risk Insurance Act (TRIA) is a “model” for public-private cooperation and should be renewed, insurance broker Marsh told lawmakers on Capitol Hill. Peter J. Beshar, executive vice president and general counsel of Marsh & McLennan Companies, testified …

Commentary: Rebuilding After Sandy, Building for the Future

Facing the largest natural disaster since Hurricane Katrina, America’s property/casualty insurers have already begun paying tens of thousands of claims to the victims of ‘Super Storm’ Sandy, honoring their commitments and helping policyholders get back on their feet. At this …

Louisiana Senator Vitter Named a NAMIC Federal Legislator of the Year

The National Association of Mutual Insurance Companies (NAMIC) has named Sen. David Vitter, R-La., one of its Federal Legislators of the Year for 2012. Sen. Jon Tester, D-Mont., also won the award. “Senators Tester and Vitter played a leading role …

Five of Six NAMIC Members Joining ‘Century Club’ in Midwest

Six mutual insurance companies have been inducted into the National Association of Mutual Insurance Companies’ (NAMIC) Century Club in recognition of 100 years of serving their policyholders. Five of the new members are located in the Midwest. With these new …