NAMIC News

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, …

Insurers, Agents Propose Pandemic Business Relief Plan; Plaintiffs Offer BIG Compromise

Key segments of the property/casualty insurance industry, which is facing mounting claims for business interruption losses from the pandemic, have thrown their lobbying weight behind a proposed federal program to replace revenues lost by businesses shut down during pandemics like …

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. …

Industry Chasing Mobile Customers with Ads, Apps, Self-Service Options: NAMIC Convention

Carriers are spending big on advertising, and agencies are working to become increasingly more sophisticated and reach out to more and more people. In the world of insurance, that’s just doing business as usual. But the efforts seem to be …

NAMIC Hires Paolino as State Affairs Director for Northeast Region

The National Association of Mutual Insurance Companies (NAMIC) hired Cate Paolino as director of state affairs for the Northeast region. Paolino is based in Foxboro, Massachusetts, and will represent NAMIC member company interests in New England, New Jersey, and New …

Insurers Warn Against Encroachment on State Regulation

Insurance companies are calling for Congress to ensure state-based insurance regulation remains protected from federal or international “regulatory encroachment.” “Congress must now increase its oversight regarding the unprecedented federal and international intrusion into state insurance regulation,” Kurt Bock, CEO of …

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 …