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Re: House Passage of the Farm Bill, H.R. 2642

“The crop insurance program is a vital safety net for farmers across the country, and NAMIC applauds today’s vote by the House to approve the farm bill and provide stability for the program for the next five years.” (Posted: 1/29/2014 12:06:30 PM)

NAMIC Statement on Flood Insurance Reform Delay Provision in Omnibus Spending Bill

“Any delay to the reforms approved by Congress in the Biggert-Waters Act of 2012 only serves to put the taxpayers at risk if having to again bail out the National Flood Insurance Program should a major flood occur during the spring thaw or the 2014 hurricane season. (Posted: 1/14/2014 1:45:57 PM)

NAMIC Responds to CFA Report on Credit-based Insurance Scoring

The report released today by the Consumer Federation of America purports to answer three questions about automobile insurers’ use of credit scores. But it conspicuously neglects to ask the most important question: Are credit scores useful in assessing the likelihood that a driver will file a claim? (Posted: 12/11/2013 2:53:36 PM)

Efforts to Delay Implementation of NFIP Reforms Under the Biggert-Waters Act

“NAMIC strongly urges Congress to resist any efforts to delay the reforms adopted under the Biggert-Waters Act, which was passed only a year ago with overwhelming bipartisan support. What NAMIC argued then holds true today, that these reforms are vital to moving the NFIP toward fiscal stability and reducing the need for additional taxpayer funded bailouts. (Posted: 9/18/2013 10:26:36 AM)

NAMIC Responds to Latest CFA Survey

“The Consumer Federation of America’s news release describes the ‘findings’ of ‘a new analysis’ that the organization claims to have performed regarding insurers’ use of an individual’s level of education and occupation as rating factors for automobile insurance. (Posted: 7/23/2013 8:09:21 AM)

NAMIC Statement on FSB Designation of Global Insurers as ‘Systemically Important’

WASHINGTON, D.C., July 19, 2013 – Charles M. Chamness, president and CEO of the National Association of Mutual Insurance Companies, issued a statement with respect to the Financial Stability Board’s initial list of “global-systemically important insurers” and the International Association of Insurance Supervisors publishing its G-SII assessment methodology and attendant policies. (Posted: 7/19/2013 3:07:33 PM)

FIO Annual Report

“The FIO Annual Report shows the continued strength of the property/casualty insurance industry despite the financial crisis and some of the worst years for natural catastrophes on record. (Posted: 6/12/2013 2:16:57 PM)

NAMIC Encouraged by NFIP Vote, Encourages Safe Building Incentives in Future Sandy Bill

NAMIC welcomes the House of Representatives' scheduled vote on Friday, January 4, to increase the borrowing authority of the National Flood Insurance Program, and we urge the Senate to swiftly follow suit to ensure the federal government meets its obligation to tens of thousands of NFIP policyholders. (Posted: 1/3/2013 1:49:27 PM)

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