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FTC Order to Insurers Won’t Change the Facts About Credit-based Insurance Scoring, NAMIC Says

WASHINGTON (Dec. 24, 2008) – This week’s decision by the Federal Trade Commission to order nine major insurance companies to provide data for a study of credit-based insurance scoring and homeowners insurance is unnecessary and a waste of money, according to the National Association of Mutual Insurance Companies (NAMIC). (Posted: 12/24/2008 12:00:00 AM)

Insurance Regs Could Significantly Impact State’s Economy, NAMIC Tells California Officials

California insurance consumers and the state’s economy could be severely harmed if proposed changes are made to the state’s insurance rate approval structure. (Posted: 12/17/2008 12:00:00 AM)

NAMIC Launches National Grassroots Campaign to Protect Main Street

While some companies in the financial services sector have been lining up to receive federal money, NAMIC has stated that its members neither need nor want any federal aid. (Posted: 12/11/2008 12:00:00 AM)

North Carolina Mutual Insurance Companies at Risk Unless Beach Plan is Reformed, NAMIC Tells Coastal Insurance Study Committee

The exponential growth of North Carolina’s state-created insurance pool for coastal coverage could wipe out many smaller private insurers in the state, according to NAMIC. (Posted: 11/18/2008 12:00:00 AM)

NAMIC Comments on 2008 Election

NAMIC congratulates all the newly elected members of the 111th Congress as well as the returning members. (Posted: 11/5/2008 12:00:00 AM)

NAMIC to Paulson; Property/Casualty Insurance Companies Do Not Want or Need Direct Capital Infusion

NAMIC has sent a letter to Treasury Secretary Henry Paulson making clear that there is no need for the inclusion of property/casualty insurance companies in the Capital Purchase Program. (Posted: 10/31/2008 12:00:00 AM)

NAMIC Opposes Treasury Investment in Property/Casualty Insurance Industry

NAMIC today said that policyholders should remain confident that they are protected as the property/casualty industry continues to be financially sound. (Posted: 10/29/2008 12:00:00 AM)

NAMIC: Turmoil in Financial Markets Unrelated to State-based Insurance Regulation

Congress must remain focused in order to bring about the appropriately targeted reforms needed to protect the country’s struggling economy. (Posted: 10/22/2008 12:00:00 AM)

New Study Shows Unintended Consequences of First-Party Bad Faith Liability

Bad faith remedies designed to protect insurance consumers from unfair claim settlement practices can potentially harm consumers, warns a new report published by NAMIC. (Posted: 10/9/2008 12:00:00 AM)

Patrick Faga Named NAMIC’s 2008 Professional Farm Mutual Manager of the Year

INDIANAPOLIS (Oct. 3, 2008) – The National Association of Mutual Insurance Companies (NAMIC) awarded Patrick Faga, president/CEO, Central Iowa Mutual Insurance Association, Story, Iowa, the Professional Farm Mutual Manager of the Year Award during NAMIC's annual convention held Sept. 28 – Oct. 1 in Philadelphia. (Posted: 10/3/2008 12:00:00 AM)

Bruce D. Thomas Begins Term as 2008 - 2009 NAMIC Chairman (10/1/2008 12:00:00 AM)

California Court Decision Reaffirms Distinctive Right of Mutual Insurance Companies, NAMIC Says (10/1/2008 12:00:00 AM)

Herman Bontrager Receives NAMIC’s Chairman’s Award (9/29/2008 12:00:00 AM)

NAMIC Kicks off 113th Annual Convention (9/29/2008 12:00:00 AM)

Former House Speaker, NY Insurance Chief Highlight NAMIC Convention (9/28/2008 12:00:00 AM)

MEDIA ADVISORY: Eric Dinallo to Speak at NAMIC Convention (9/26/2008 12:00:00 AM)

NAMIC Offers Guidance, Resources as Latest Storm Approaches (9/11/2008 12:00:00 AM)

NAMIC Names Maine Senator as Top Federal Lawmaker for 2008 (9/11/2008 12:00:00 AM)

NAMIC CEO: Most Companies Oppose OFC, Congress Should Develop ‘National Targeted Uniformity’ as Alternative (8/19/2008 12:00:00 AM)

NAMIC Urges New York Officials Not to Impair Appropriate Agent Compensation Methods (8/11/2008 12:00:00 AM)

NAMIC: National Targeted Uniformity Without OFC is Best for Insurers, Consumers (7/29/2008 12:00:00 AM)

NAMIC Applauds Legislators’ Response to Controversial Market Conduct Data Proposal (7/11/2008 12:00:00 AM)

NAMIC Voices Concerns About Legislation to Expand Risk Retention Groups (7/9/2008 12:00:00 AM)

Rhode Island Supreme Court Lead Paint Decision Prevents Dangerous Liability Expansion, NAMIC Says (7/1/2008 12:00:00 AM)

NAMIC: Florida Insurance Regulation Proposal Seeks to ‘Change the Rules in the Middle of the Game’ (6/26/2008 12:00:00 AM)

New York Flex-rating Insurance Legislation Demonstrates Significant Momentum of State Rate Modernization, NAMIC Says (6/25/2008 12:00:00 AM)

NAMIC: Legislation to Promote Stronger Buildings Will Save Lives, Money (6/24/2008 12:00:00 AM)

NAMIC: Louisiana Legislature Winds Up 2008 Session After Adopting ‘Named Storm’ Deductible Proposal – a ‘Win-Win’ for Insurance Consumers, Companies (6/24/2008 12:00:00 AM)

NAMIC: New York Flex-rating Legislation is ‘Significant Progress’ (6/20/2008 12:00:00 AM)

Eliminating Competitive Auto Body Parts Would Harm Consumers, NAMIC Tells Patent Office (6/16/2008 12:00:00 AM)

NAMIC Submits Comments to Congressional Subcommittee Examining Creation of Federal Office of Insurance Information (6/10/2008 12:00:00 AM)

NAMIC Tells NAIC to Reject Data Collection Proposal (6/1/2008 12:00:00 AM)

Climate Change Proposals Put Insurers in ‘Impossible Position,’ NAMIC Tells Regulators (6/1/2008 12:00:00 AM)

NAMIC Commends Tennessee Lawmakers for Acting in the Best Interests of Consumers, Insurers (5/22/2008 12:00:00 AM)

Credit-based Insurance Scoring Benefits Consumers, NAMIC Tells Congress (5/21/2008 12:00:00 AM)

NAMIC Appreciates Alabama Legislature’s ‘Balanced Approach’ on Legislation Addressing Coastal, Auto Insurance Concerns (5/20/2008 12:00:00 AM)

NAMIC: Senate Approves Much-needed Flood Reform Legislation (5/13/2008 12:00:00 AM)

NAMIC–backed Rate Reform Legislation Signed by Kansas Governor (5/13/2008 12:00:00 AM)

NAMIC: Florida Omnibus Insurance Bill Still ‘Fraught with Problems’ (5/1/2008 12:00:00 AM)

Proposed Florida Rule to Waive Reinsurers’ Collateral Requirements is ‘an Experiment’ that will Threaten Solvency, NAMIC Tells OIR (4/29/2008 12:00:00 AM)

NAMIC Refutes Claims Made By Consumer Federation of America on Best Regulatory Structure (4/24/2008 12:00:00 AM)

NAMIC Urges Caution on Proposal to Create Federal Insurance Office (4/17/2008 12:00:00 AM)

Open Competition Without Price Controls is Key to Improved Insurance Regulation, NAMIC Tells Congress (4/16/2008 12:00:00 AM)

NAMIC: Punitive Insurance Bill Passed by Florida Senate Will Hurt Consumers (4/16/2008 12:00:00 AM)

NAMIC Commends Kentucky Governor, Legislature For Municipal Premium Tax Reform Bill (4/14/2008 12:00:00 AM)

Insurance Consumers and Companies Will Benefit When Governor Signs Georgia Bills (4/7/2008 12:00:00 AM)

Auto Insurance Proposal is ‘Anti-Consumer Choice,’ NAMIC Tells Colorado Senate Committee (4/3/2008 12:00:00 AM)

Treasury Releases Financial Services Regulatory Blueprint; NAMIC Disappointed with Plan (3/29/2008 12:00:00 AM)

NAIC’s Climate Change Disclosure Proposal is ‘Colossal Disappointment,’ NAMIC Says (3/27/2008 12:00:00 AM)

NAMIC: Michigan Proposal Will Increase, Not Decrease Insurance Rates (3/20/2008 12:00:00 AM)

NAMIC-opposed Insurance Scoring Ban Bill Dies in Connecticut Committee (3/17/2008 12:00:00 AM)

NAMIC Members Prepare to Descend on Capitol Hill Armed with 2008 Legislative Agenda (3/17/2008 12:00:00 AM)

NAMIC Warns of Potentially Disastrous Effects of Federal Anti-credit Scoring Legislation (3/14/2008 12:00:00 AM)

NAMIC Urges Congress to Consider Reforms to Agent/Broker Licensing (3/13/2008 12:00:00 AM)

NAMIC Appoints Midwest Region State Affairs Manager (3/11/2008 12:00:00 AM)

NAMIC Urges Georgia Governor to Sign Pro-consumer Auto Reform Legislation (3/7/2008 12:00:00 AM)

NAMIC–backed Rate Reform Legislation Heads to House Following Senate Approval in Kansas (3/3/2008 12:00:00 AM)

NAMIC Testifies Against Connecticut Anti-Insurance Scoring Measure (2/28/2008 12:00:00 AM)

Credit Freezes Without Exemptions Could Lead to Higher Rates and Increased Identity Theft for Consumers, NAMIC Tells FTC (2/26/2008 12:00:00 AM)

NAMIC Testifies in Favor of Flex Rating Bill Before Kansas Legislative Committee (2/21/2008 12:00:00 AM)

NAMIC Applauds IRS Decision to Withdraw Controversial Captive Tax Deduction Rule (2/21/2008 12:00:00 AM)

Beware of Unintended Consequences, NAMIC Tells Massachusetts Panel Considering Homeowners Insurance Proposals (2/13/2008 12:00:00 AM)

Insurers Applaud Legislators’ Restraint in Considering Proposed Ban on Use of Credit Information (2/5/2008 12:00:00 AM)

State Approaches to Coastal Insurance Issues Highlight Latest IN magazine (1/31/2008 12:00:00 AM)

NAMIC: Wisconsin Senate’s Approval of Credit-based Insuring Scoring Legislation Could Jeopardize Low Rates (1/31/2008 12:00:00 AM)

NAMIC Urges Congress to Move Past Investigations and Toward Solutions, Following Release of Latest Government Report on Katrina Aftermath (1/30/2008 12:00:00 AM)

Colorado House Vote Against Credit-based Insurance Scoring Ban Called ‘Win for Insurance Consumers’ by NAMIC Official (1/29/2008 12:00:00 AM)

Colorado’s Credit Scoring Ban Legislation is ‘Like a Bad Rash that Needs to be Permanently Cured,’ NAMIC Official Says (1/18/2008 12:00:00 AM)

Insurance Industry’s Financial Strength is Good News for Consumers, NAMIC Reports (1/10/2008 12:00:00 AM)

NAMIC Urges NAIC to Re-focus its Examination of the Impact of Climate Change on Insurance (1/10/2008 12:00:00 AM)

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