The National Association of Mutual Insurance Companies (NAMIC) will donate $476,000 in fees from its cancelled international convention to relief efforts for the victims and their families of last month’s terrorist attacks.
NAMIC will donate $119,000 each to: The American Red Cross Disaster Relief Fund, The Twin Towers Fund, The New York Times 9/11 Neediest Fund and Salvation Army relief efforts.
“The mutual insurance industry in America was founded by Benjamin Franklin in 1752,” said James A. Blum, CPCU, NAMIC chairman and president of Brotherhood Mutual Insurance Co., Fort Wayne, Ind. “Mutual, to us, means working together. This tragedy strikes at the very heart of all our members and, on the eve of the 250th anniversary of mutual insurance in America, we wanted to make a contribution to the victims and survivors of the September 11th attacks.”
“NAMIC represents more than 1,200 member insurance companies with the mission of restoring people’s property and livelihoods after they have suffered a loss,” said Larry Forrester, NAMIC president. “Our country suffered a terrible loss on September 11th, and we hope these funds contributed by our member companies help victims’ families and relief agencies working at the disaster sites.”
“Since 1895, NAMIC has suspended its annual convention only twice-both times during World War II,” said Forrester. “We hope our contribution will join with others to provide comfort and support to the victims families, relief workers and their communities.”
“Member companies responded overwhelmingly to the board’s suggestion to permit NAMIC to donate registration, exhibitor and sponsor fees from the 106th Convention to relief efforts.” Forrester said. “In addition, more than 100 NAMIC member companies and staff not registered for the convention stepped forward to contribute toward the relief efforts.”|”namic, donates, $476,000, victim, relief,
Was this article valuable?
Here are more articles you may enjoy.