Agent Group Sounds Alarm Over Federal Insurance Study
Congress should refuse to fund a study of insurance regulation that the new Federal Insurance Office is supposed to conduct, an insurance agents’ trade group said. The National Association of...
View ArticleSenate Votes to Rescind IRS 1099 Healthcare Reporting Measure
The U.S. Senate Wednesday voted overwhelmingly to rescind a measure in last year’s healthcare law that expands business transaction reporting requirements to the Internal Revenue Service. Bowing to...
View ArticleSenate Panel to Hear Flood Insurance Reauthorization Bill
Insurers today will again urged federal lawmakers to reauthorize and reform the nation’s flood insurance program, which is slated to lapse on Sept. 30 if Congress does not act. At a hearing today, a...
View ArticleOhio Mutual’s Kennedy Sworn In As Chairman of Insurer Group NAMIC
The National Association of Mutual Insurance Companies swore in its newest chairman of the board of directors today. James J. Kennedy began his year as chairman at the end of the annual business...
View ArticleInsurer Group NAMIC Honors Hartwig
The National Association of Mutual Insurance Companies (NAMIC) named Robert P. Hartwig, Ph.D., president/CEO of the Insurance Information Institute, New York, N.Y., as the association’s 2011 Chairman’s...
View ArticleMutual Insurers Pleased with FDIC Rule Clarifying Dodd-Frank
Mutual insurers are pleased with a new proposal that makes it clear they would continue under state regulation and not be governed by the liquidation provision of the new federal Dodd-Frank Act. The...
View ArticleOregon’s ‘Second Lawsuit’ Legislation Tabled
The Oregon House Judiciary Committee on Monday tabled HB 4136, a bill its detractors said would have imported “the legacy of bad faith litigation” from neighboring states into Oregon. A handful of...
View ArticleTetrault Named Counsel for Insurer Group NAMIC’s State, Policy Affairs
The National Association of Mutual Insurance Companies (NAMIC) has named Paul Tetrault to the position of state and policy affairs counsel. Tetrault has served as Northeast state affairs manager for...
View ArticleNAMIC Names Martin State Affairs Manager for Southwest Region
The National Association of Mutual Insurance Companies (NAMIC) announced recently the appointment of Paul T. Martin as state affairs manager for the southwest region of the United States. Martin will...
View ArticleFive 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...
View ArticleLouisiana 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....
View ArticleCommentary: 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...
View ArticleBrokers 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...
View ArticleNJM, 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,...
View ArticleNAMIC 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...
View ArticleNAMIC 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...
View ArticleNAMIC 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...
View ArticleInsurer 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...
View ArticleBill 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...
View ArticleInsurers 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...
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