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Posts Tagged ‘NAMIC

The following statement may be attributed to Neil Alldredge, senior vice president of State & Policy Affairs at the National Association of Mutual Insurance Companies (NAMIC). Alldredge testified yesterday at the Wisconsin Office of Commissioner of Insurance hearing on credit-based insurance scores.

The hearing was requested by three state legislators ? Sens. Lena Taylor and Terese Berceau and Rep. David Cullen ? to examine the use Read the rest of this entry »

What: The National Association of Mutual Insurance Companies? (NAMIC) 114th Annual Convention

Who: 1500 executives from a broad cross section of the property/casualty insurance industry from national writers to regional and small companies

When: Sept. 20?23, 2009

Where: Hyatt Regency Atlanta, Atlanta, Ga.

Additional Details: Property/casualty insurance industry executives will come together to discuss insurance Read the rest of this entry »

The National Association of Mutual Insurance Companies (NAMIC) today applauded the American Legislative Exchange Council for adopting a resolution opposing insurance bad faith legislation.

The ?Resolution Opposing Unfair and Unbalanced Insurance ?Bad Faith? Legislation? urges state legislatures to adhere to traditional principles of contract law and oppose legislation designed to:

Create new or expansive private causes of action; Read the rest of this entry »

The National Association of Mutual Insurance Companies (NAMIC) applauds Missouri Gov. Jay Nixon for vetoing Senate Bill 202, legislation that would have repealed the state?s 42-year-old helmet law for motorcycle riders.

?This bill would have had negative, unintended consequences for insurance consumers and motorcyclists and their passengers,? said Mark Johnston, NAMIC?s state affairs manager for the Midwest, ?and we are grateful Read the rest of this entry »

WASHINGTON —An insurance industry official told a congressional panel that lawmakers must be careful to ensure any expanded federal insurance does not artificially suppress rates or crowd out private carriers.

The remarks from Robert Detlefsen, vice president of public policy for the National Association of Mutual Insurance Companies, were made today at a session on catastrophe insurance issues held by the

WASHINGTON (July 2, 2009) – To properly address coastal insurance issues there must be an appropriate balance between the private insurance sector and the government that avoids encouraging risky behavior in disaster-prone areas. That is what the National Association of Mutual Insurance Companies (NAMIC) today told the House Subcommittee on Oversight and Investigations at a field hearing in West Palm Beach, Fla. titled “The Homeowners’ Insurance Read the rest of this entry »

A proposal ostensibly aimed at ramping up consumer protections for New Jersey insurance consumers would likely lead to higher costs instead, according to the National Association of Mutual Insurance Companies (NAMIC). NAMIC said the measure to expand the state’s “bad faith” law is unnecessary.

S-132, An Act Concerning Unfair Claim Practices in the Settlement of Certain Uninsured and Underinsured Motorist Coverage Claims, would negatively Read the rest of this entry »

The following statement can be attributed to NAMIC’s Vice President of Federal and Political Affairs Jimi Grande.

“The National Association of Mutual Insurance Companies (NAMIC) commends Subcommittee Chairman Paul Kanjorski, D-Pa., and Ranking Member Scott Garrett, R-N.J., in holding today’s hearing on the role of the federal government in the future of insurance regulation. It is critical that Congress carefully craft this role to Read the rest of this entry »

INDIANAPOLIS – Florida’s highest ranking elected officials have responded positively to testimony from the National Association of Mutual Insurance Companies (NAMIC). Members of the Florida Financial Services Commission today abandoned a proposed rule change after NAMIC outlined the unintended consequences it could cause.

“Our members believe the proposed rule before you today is poor public policy and will result in a negative impact Read the rest of this entry »

INDIANAPOLIS (May 7, 2009) – A proposal to temporarily prohibit insurance companies from using credit-based insurance scoring to rate policies in New Jersey would lead to cross-subsidization and higher prices for most insurance consumers, the National Association of Mutual Insurance Companies (NAMIC) testified today. The state Senate’s Commerce Committee is considering S-2766, legislation that would suspend use of the underwriting tool until Read the rest of this entry »