INDIANAPOLIS (Sept. 2, 2005)—Hurricane Katrina has caused catastrophic damage in the southern United States and it now seems certain that this storm will be the worst natural disaster in U.S. history. The people of Louisiana, Mississippi and Alabama face unimaginable challenges.
According to Chuck Chamness, president of NAMIC, "Through our industry, insurance policies will provide the coverage to help rebuild cities and towns and replace the property that was lost. But, at the heart of each community are its people. It is their spirit, determination and resolve that must prevail."
Across the nation and around the world, generous contributions to the relief effort are being made. After 9/11, NAMIC member companies contributed more than $500,000 through a relief fund that was created following its cancelled 106th annual convention. Now, four years later, the industry can make a difference again..
NAMIC will aggregate financial contributions from member companies and their employees interested in helping those in need. All funds NAMIC receives will be donated to the American Red Cross and used to help supply the basic necessities of life for the victims of this catastrophe. All handling costs and credit card processing fees will be absorbed by NAMIC and its affiliated organization, Assurance Partners Bank (APB). APB will also serve as custodian for the funds until forwarded to the Red Cross in a timely manner.
Companies or individuals are invited to make a contribution via the Internet or by sending a check payable to:
Mutual Insurers Respond (MIR)
3601 Vincennes Road
Indianapolis, IN 46268
NAMIC is also collecting stories about unique ways the industry is raising money. "On Friday, the NAMIC staff contributed $1,265 to relief efforts through a 'Casual Friday' fundraiser. I hope that you will join with your colleagues to support this effort. Together, in the spirit of mutual insurance – neighbor helping neighbor – we can make a difference."
Founded in 1895, NAMIC is a full-service national trade association with more than 1,400 member companies that underwrite 43 percent ($196 billion) of the property/casualty insurance premium in the United States. NAMIC members account for 44 percent of the homeowners market, 38 percent of the automobile market, 39 percent of the workers’ compensation market, and 31 percent of the commercial property and liability market. NAMIC benefits member companies through advocacy, public policy and member services. Information about the association, its member companies and the property/casualty insurance industry can be found at NAMIC Online. www.namic.org.
Posted: Friday, September 02, 2005 12:00:00 AM. Modified: Wednesday, September 07, 2005 10:51:26 AM.
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