National Association of Mutual Insurance Companies News

Report: 244M in U.S. Felt at Least One July Day with Temps Likely Due to Climate Change

Eight-in-10 people around the globe in July were exposed to one day or more of heat made at least three times more likely by climate change, and 244 million people in the U.S. experienced at least one such day in …

Insurer Group Concerned Over FIO Climate-Related Data Collection Effort

The National Association of Mutual Insurance Companies is airing concerns over what the group calls a “duplicative data call” issued by the Federal Insurance Office on climate change. The concerns are being expressed by NAMIC as part of a bipartisan …

Washington Commissioner’s Draft Rule Would Require Insurers to Explain Premium Changes

Washington Insurance Commissioner Mike Kreidler shared a draft rule that requires all property/casualty insurers selling personal lines of insurance to give policyholders a simple breakdown of the reasons behind any future premium change. According to a press release from Kreidler, …

Insurance, Housing Groups Urge Renewal of Flood Program That Expires Sept. 30

The National Association of Mutual Insurance Companies, along with a large coalition of other insurance, lending and housing industry groups, is urging congressional leaders to avoid any lapse in National Flood Insurance Program coverage by renewing the NFIP before its …

Alldredge Named CEO of NAMIC, Succeeding Chamness

The National Association of Mutual Insurance Companies has named Neil Alldredge as the association’s next president and chief executive officer, effective July 1. Alldredge has been with NAMIC since 1999, serving most recently as senior vice president of corporate affairs, …

Mutual Insurer Group NAMIC Names Merchants Mutual’s Zak as Chair

The National Association of Mutual Insurance Companies welcomed its new chairman – Robert Zak, president and chief executive officer of Merchants Mutual Insurance Co. – this week during its all-virtual 125th annual convention. Zak, a 35-year mutual insurance industry veteran, …

P/C Insurers Back a Federal Pandemic Loss Fund But Not a Backstop Like TRIA

Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but their program won’t be modeled after the Terrorism Risk Insurance Act as some have urged. …

NAMIC Applauds Repeal of Illinois Workers’ Comp Expansion Rules

In a statement released by the National Association of Mutual Insurance Companies, Andrew Perkins, NAMIC regional vice president – Great Lakes, applauded the Illinois Workers’ Compensation Commission’s reversal on emergency rules that would have greatly expanded workers’ comp benefits in …

Insurers Oppose Premium Tax to Fund Washington’s Wildfire Prevention

Lobbyists for the property/casualty insurance industry are trying to prevent a $125 million jump in the state of Washington’s insurance premium tax that would fund wildfire prevention and suppression. The tax would affect home, auto and business insurance in an …

Insurers Urge Focus on Safety and Data Sharing in Autonomous Vehicles

While automated driving systems hold great promise to save lives and reduce crashes, the focus must remain on validating the safety of the technology every step of the way, according to the National Association of Mutual Insurance Companies (NAMIC). Fundamental …