WASHINGTON (April 5, 2007) — The National Association of Mutual Insurance Companies (NAMIC) today announced the recipients of its Benjamin Franklin Public Policy Awards.
Through their consistent support of legislation that encourages less onerous regulation, litigation, and taxation, the members of Congress selected to receive this prestigious award have demonstrated their commitment to the principles of free markets and a competitive insurance environment for consumers.
"NAMIC is honored to present this award to members of Congress who have consistently demonstrated their unwavering support and leadership on behalf of our members, insurance consumers, and the property/casualty insurance industry,” said Carl Parks, NAMIC’s senior vice president for government affairs. “The award recipients’ understanding and support of the insurance industry have helped to successfully protect the free and open market environment that has existed since Dr. Franklin started the first successful mutual insurance company."
The award honors Benjamin Franklin and his commitment to public service. In 1752, Franklin and other leading citizens of Philadelphia founded America’s first successful mutual insurance company, the Philadelphia Contributionship for the Insurance of Houses from Loss by Fire. This public policy award was established in 2003 and first presented to members of the 107th Congress to coincide with the 250th anniversary of the Contributionship.
"NAMIC looks forward to another successful season presenting this award to lawmakers who have demonstrated leadership in Congress on insurance issues," Parks said.
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