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Federal Home Loan Bank Provides Ready-Access Funds to Insurance Companies

By Lisa Floreancig

In 1930, the Great Depression was at its peak, destroying everything in its path, including, of course, the American banking system. With the collapse of the U.S. dollar, home ownership plummeted.

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Founded in 1895, the National Association of Mutual Insurance Companies (NAMIC) is a full-service national trade association serving the property/casualty insurance industry with more than 1,400 member companies that underwrite more than 40 percent of the property/casualty insurance premium in the United States. NAMIC members are small farm mutual companies, state and regional insurance companies, risk retention groups, national writers, reinsurance companies, and international insurance giants. Together, we are NAMIC.

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