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NAMIC Member Companies Donate Nearly $1.4 Million to Victims of Hurricane Katrina

INDIANAPOLIS (Nov. 15, 2005) – Soon after Hurricane Katrina caused catastrophic damage in the southern United States, NAMIC invited member companies and their employees interested in helping those in need to make contributions to the American Red Cross through “Mutual Insurers Respond” (MIR). NAMIC tallied the reported contributions and aggregated actual financial contributions from member companies and their employees. NAMIC member companies were responsible for donating more than $1.375 million to the relief effort.

“Our industry pays the claims that will rebuild neighborhoods and reopen the doors of the businesses of Main Street America – but at the heart of each community are its people. It is the principle upon which our industry was founded – that is ‘neighbor helping neighbor’ – that exemplifies the spirit in which NAMIC members contributed to the relief effort,” said Chuck Chamness, president of NAMIC.

“NAMIC member companies from around the United States and Canada raised money in a variety of unique ways. Many companies matched employee contributions dollar for dollar. One company matched $10 for every $1 donated to the fund. Another member dispatched at least three 18-wheelers filled with items such as water, food, clothing, toys and medical supplies to areas in need. One company provided gift-cards through a local church to give to survivors to purchase basic necessities,” said Chamness.

All handling costs and credit card processing fees were absorbed by NAMIC and its affiliated organization, Assurance Partners Bank (APB). APB also served as custodian until the funds were forwarded to the Red Cross.

For further information, contact
Laura Biddle-Bruckman
(317) 875-5250 Tel
(317) 879-8408 Fax

Posted: Tuesday, November 15, 2005 12:00:00 AM. Modified: Tuesday, November 15, 2005 2:12:09 PM.

317.875.5250 - Indianapolis  |  202.628.1558 - Washington, D.C.

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