NAMIC Kicks Off 116th Annual Convention
INDIANAPOLIS (September 18, 2011) – Nearly 1,800 people are expected to descend on Indianapolis this weekend for the 116th annual convention of the National Association of Mutual Insurance Companies. The three-day convention officially kicks off today.
Sandra G. Parrillo, president and chief executive officer of the Providence Mutual Fire Insurance Company and NAMIC’s first-ever female chairman, will open the event with the same pink gavel presented to her at last year’s convention in San Diego when she became the organization’s top leader.
According to her prepared remarks, Parrillo will reflect on her year at NAMIC’s helm with observations about the property/casualty insurance industry in general and the mutual insurance industry in particular. “It has been a wonderful, exciting year full of adventures and challenges,” according to the remarks. “Our business is very rewarding to those of us in it, and indispensible to our policyholders. We must keep that focus when times get tough, when there is turmoil in the market, when the challenges we face are numerous and seem insurmountable.”
In addition to topical educational sessions, the schedule includes key speeches by retired U.S. Army General Stanley McChrystal, former commander of U.S. and international forces in Afghanistan, and Pulitzer Prize winner Charles Krauthammer. At the final general session of the convention on Wednesday morning, NAMIC will induct its 2011-2012 chairman of the board.
NAMIC’s convention this year returns to Indianapolis – where the association has its national headquarters – for the first time since 1995. The association is the largest and most diverse trade group in the country, with 1,400 members serving more than 135 million policyholders. Of the 10 largest property/casualty insurance companies in North America, more belong to NAMIC than either of the other two trade groups, and join hundreds of regional and local mutual insurance companies found on main streets in 49 states and Canada. NAMIC member companies have a combined 50 percent market share of the auto and homeowners market and 32 percent of the commercial market. The 1,400 companies employ more than 200,000 people.
Contact: Brent Bahler
Posted: Wednesday, September 21, 2011 1:02:29 PM. Modified: Wednesday, September 21, 2011 10:12:02 PM.
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