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2005 News Releases

NAMIC is well-versed in assisting the media and can often provide additional depth to news stories being developed relative to the property/casualty insurance industry. Contact Nancy Grover at (202) 580-6742.


12/22/2005

NAMIC Congratulates President, Congress for Extending TRIA


12/21/2005

NAMIC Unveils New Legislative and Regulatory Information Service


12/17/2005

NAMIC Extols House/Senate Extension of TRIA


12/16/2005

NAMIC Commends Senate Passage of TRIA


12/12/2005

NAIC Drops CLUE Model Law Initiative, Enthusiasm Fades Says NAMIC


12/12/2005

NAMIC Proposal to Correct Maine UM Decision Cited as Straightforward Approach


12/7/2005

House of Representatives Passes TRIA Extension Bill


12/7/2005

NAMIC Board Rejects Alternate SOX Extension Proposal


12/4/2005

Stress Personal Responsibility, Guard Against New Mandates, NAMIC Tells Regulators


12/1/2005

Study on Cost Impact of New Jersey Court Ruling Shows Need for Legislation, Says NAMIC


12/1/2005

NAMIC Files Amicus in Illinois Timely Claims Notice Case


11/30/2005

Colorado Bill Would Mandate Unnecessary, Duplicative Coverage, Asserts NAMIC


11/28/2005

NAMIC Announces State Advocacy Resources


11/22/2005

U.S. Corporate Governance Reforms Could Sacrifice Performance, NAMIC President Tells International Mutual Insurer Conference


11/22/2005

‘Single Private Insurer’ for Oregon’s Construction Liability Coverage Concerns NAMIC


11/22/2005

Governor Taft Signs Security Breach Bill: NAMIC Comments


11/22/2005

NAMIC Urges Louisiana Legislature to Enact a Statewide Building Code


11/17/2005

House Financial Services Committee Approves NFIP Increase


11/16/2005

Senate Banking, House Financial Services Committees Approve TRIA Extension Legislation


11/15/2005

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


11/9/2005

NAMIC Online Realigned to Better Serve Members and Visitors


11/9/2005

NAIC Committee Drops Full SOX; NAMIC Opposes Alternate Proposal for Accounting Control


11/8/2005

NAMIC Commends Chairman Shuster for Holding Hearings on Legislative Proposals in Response to Hurricane Katrina


11/4/2005

NAMIC Questions NAIC Budget for ‘Fingerprint Repository’


10/27/2005

NAMIC Applauds Passage of Tort Reform Bill


10/20/2005

NAMIC Bases Legislative and Regulatory Advocate in Northeast


10/17/2005

NAMIC Leader Lauds Links to State Insurance Trades


10/14/2005

NAMIC Welcomes Ten New Members


10/12/2005

NAMIC Not Part of Group Submitting Alternate Proposal to NAIC on SOX-Like Internal Control


10/12/2005

NAMIC Says Granholm’s Proposal will Hurt Michigan’s Economy


10/11/2005

John Donovan Joins Assurance Partners Bank Board of Directors


10/11/2005

Assurance Partners Bank Expands into Metropolitan Washington, D.C. Market; Announces Senior Management Team


10/11/2005

NAMIC Joins in Amicus Brief on Florida Valued Policy Law


10/5/2005

Robert A. Wadsworth is 2006 NAMIC Chairman


10/5/2005

NAMIC Presents Legislator of the Year Award to North Dakota Rep. George Keiser


10/5/2005

2005 Service Awards Presented to Four at NAMIC Annual Business Meeting


10/3/2005

Charles Smith is 2005 Professional Farm Mutual Manager of the Year, as 16 New PFMM Designees are Announced


10/3/2005

John Fisher Receives 2005 NAMIC Chairman’s Award


9/23/2005

Claims Phone Numbers and Websites for NAMIC’s Texas Insurers


9/22/2005

Public Policy Issues to Highlight NAMIC 110th NAMIC Convention


9/19/2005

Another Sarbanes-Oxley Compliance Extension Expected From SEC for Smaller Public Companies


9/16/2005

NAMIC Statement on Mississippi Litigation Against the Property/Casualty Insurance Industry Since ‘Katrina’


9/2/2005

NAMIC Establishes Relief Fund for Victims of Katrina


8/22/2005

New Enactments of Self-Audit Privilege Provide Encouragement for Other States; NAMIC Says


8/18/2005

Illinois High Court Overturns Unjust Verdict on Non-OEM Parts, But Case Demonstrates Need for Class Certification Reform, Says NAMIC


8/17/2005

Credit-based Insurance Scoring in Renewal Policy Underwriting Essential for Accuracy, says NAMIC


8/16/2005

NAMIC Encourages Hawaii Legislative Working Group to Adopt Rate Modernization


8/10/2005

Oxley Delivers Latest Blow to SOX for Mutuals, NAMIC Tells Regulators


8/9/2005

NAMIC Says State Actions Render Proposed NAIC Claims History Model ‘Irrelevant’


8/1/2005

NAMIC Welcomes Eight New Members


7/29/2005

NAMIC Supports Small Company Tax Inflation-Adjustment Legislation


7/28/2005

California Automotive Repair Dealers Bill Temporarily Stalled, NAMIC Says


7/27/2005

Terrorism Reinsurance Backstop is Necessary


7/25/2005

NAMIC Supports Small Company Tax Inflation-Adjustment Legislation


7/25/2005

Auto ‘Black Box’ Laws Could Pose Underwriting Obstacles, NAMIC Says


7/25/2005

Banking Exemption from SOX Requirements Should Instruct NAIC, Says NAMIC


7/15/2005

NAMIC Commends Indiana Insurance Commissioner on Anti-Fraud Task Force


7/11/2005

Insurance Regulatory Reform Not About States Rights; Prior Approval Has to Go, NAMIC Tells State Legislators


7/8/2005

NAIC Sarbanes-Oxley Plan Gets Tough Scrutiny By NCOIL; State Legislative-Based Alternative Contemplated


7/7/2005

Security Breach Notification Laws Should Concern Insurers, NAMIC Says


7/7/2005

Finite Re Blanks Disclosure and Attestation Has Fishing Expedition Aspects, NAMIC Tells Working Group


6/30/2005

Treasury TRIA Report Unduly Sanguine about Private Market’s Ability to Provide Terrorism Insurance


6/29/2005

NAMIC Commends Louisiana Lawmakers for Adjustments Made to Residual Market Rating Formulas


6/22/2005

NAMIC Says Focus on Underwriting Flexibility, Regulator Accountability to ‘Re-shape’ Insurance Reg Climate


6/21/2005

Insuring Against Certain Risks Requires Government Participation, Concludes NAMIC Report


6/16/2005

No Great Gains or Losses for Insurers During Vermont Legislative Session, Says NAMIC


6/15/2005

NAMIC Glad Full Sarbanes-Oxley ‘Off the Table,’ but Says Cost, Applicability Remain at Issue


6/9/2005

NAMIC Commends South Carolina Governor for Letting Seatbelt Bill Become Law Without his Signature


6/9/2005

Tennessee Lawmakers Busy on P/C Issues, NAMIC Analysis Reveals


6/8/2005

NAIC Sarbanes-Oxley 404 Proposal Would Impose Exorbitant Costs


6/3/2005

Colorado Governor Vetoes NAMIC-Opposed Legislation


6/3/2005

Indiana Commissioner Heeds NAMIC’s Call on Credit-based Insurance Scoring Bulletin


6/2/2005

Sarbanes-Oxley for Non-Public Insurance Companies ‘Doesn’t Fit,’ says NAMIC Report; Offers Process to Evaluate Solvency Laws


5/26/2005

Senate Judiciary Committee Passes FAIR Act


5/25/2005

Statutory Remedies to Curb Fraud Abuse Spreading Across U.S., Says NAMIC


5/18/2005

NAMIC to Present Sarbanes-Oxley Cost Benefit Analysis at NAIC Summer Meeting


5/17/2005

NAMIC Staff Directors Take Key ALEC Task Force Roles


5/16/2005

Hawaii: Legislature to Study NCOIL Property/Casualty Insurance Modernization Act; NAMIC Comments


5/16/2005

Colorado Legislature Protects Guaranty Fund Solvency, Viability; NAMIC Comments


5/13/2005

Florida Legislation: It’s More Than Hurricanes NAMIC Analysis Reveals


5/13/2005

ALEC Publishes NAMIC Argument Against Applying Sarbanes-Oxley Rules to Mutual Insurers


5/13/2005

Indiana Gov. Daniels Heeds Request for Veto of Defective Seat Belt Defense Bill; NAMIC Comments


5/10/2005

North Dakota Legislative Enactments to Significantly Impact Industry; NAMIC Comments


5/6/2005

Author Pulls Bill Mandating California Insurer Community Investments


5/6/2005

NAMIC Asks Ind. Gov. Daniels to Veto Defective Seat Belt Defense Bill


5/5/2005

NAMIC Commends Maryland Legislative Focus on Teen Driving


5/2/2005

California Legislative Committee Takes Correct Action on Producer Requirements


4/27/2005

California Insurance Regulator Continues Search for Problem to Solve on Broker Compensation


4/26/2005

Failure of Four Bills to Ban or Restrict Credit-Based Insurance Scoring in Washington Critical to State Insurance Marketplace, Says NAMIC


4/25/2005

NAMIC Urges Anti-Tort Reform, Workers Compensation Vetoes in Colorado


4/21/2005

Kansas Self-Audit Law Boon to Consumers and Industry; NAMIC Comments


4/20/2005

NAMIC Opposes Garamendi’s Proposed ‘Use it and Lose it’ Regulations


4/19/2005

NAMIC Presents Benjamin Franklin Public Policy Award© to Members of the 108th Congress


4/19/2005

Specter Asbestos Discussion Draft ‘Unacceptable’ to PCI and NAMIC


4/18/2005

‘Disparate Impact’ Theory Provides No Support for Banning Credit-based Insurance Scoring, According to Paper Published by Washington Legal Foundation


4/18/2005

Regulators Table Risk-Loads Proposal Opposed by NAMIC, Other Trades


4/18/2005

Assurance Partners Bancorp Merges with Federal City Bancorp


4/13/2005

West Virginia Governor Deserves Credit for Legal, Insurance Reforms, Says NAMIC Official


4/13/2005

With Producer Compensation Resolution Unknown, NAMIC Says Look at ‘Cost to Consumer of Regulation’


4/8/2005

Mississippi Lawmakers Increase Minimum Auto Liability Limits, Says NAMIC


4/1/2005

Georgia Lawmakers Deserve Credit For Major Tort Initiatives, Says NAMIC


3/29/2005

NAMIC Pleased With Insurance Laws Enacted in South Dakota


3/25/2005

NAMIC Considers NAIC Broker Compensation Disclosure Amendment Overbroad, Confusing, Ambiguous, and of Limited Value to Consumers


3/24/2005

NAMIC Calls Utah’s Legislative Session ‘A Glass Half Full’


3/23/2005

NAMIC Pleased Kentucky Lawmakers Pass Auto Cleanup Bills, Amend Local Premium Tax Procedures


3/22/2005

Alldredge Named to Coordinate NAMIC State Advocacy Strategies


3/15/2005

NAMIC Urges NAIC to Tailor Broker Compensation Remedy to Actual Problem


3/14/2005

NAMIC Supports NCOIL Stance Against Proposed Sarbanes-Oxley Regs


3/10/2005

Additional Legal Reform Tops NAMIC’s 2005 Federal Affairs Agenda


3/3/2005

NAMIC Applauds Nebraska Senate Approval of Personal Lines Rate Modernization


3/1/2005

NAMIC Pleased Virginia Enacts Stricter Driver’s License Laws, Tougher DUI Sanctions


3/1/2005

NAMIC Testifies in Support of Anti-Fraud Legislation in Vermont


2/28/2005

Assurance Partners Bancorp Shareholders Approve Merger with Federal City Bancorp


2/25/2005

NAMIC Growth Drives Market Share Increases


2/17/2005

House Overwhelmingly Passes Class Action Reform—President Bush Expected to Sign Legislation


2/17/2005

NAMIC Applauds Newly Introduced Natural Disaster Legislation


2/15/2005

West Virginia Lawsuit, Insurance Reforms Long Overdue: NAMIC


2/10/2005

NAMIC Hails Senate Passage of Class Action Reform


2/10/2005

NAMIC To Regulators: State Reasons for Adding Sarbanes-Oxley to State Insurance Law


2/9/2005

Few States Pass Nearly Half of New P/C Insurance Laws in NAMIC Analysis


2/8/2005

NAMIC Pushes For Reforms of Indiana Fraud, UM/UIM Laws


2/7/2005

NAMIC Poised to Object During Sarbanes-Oxley ‘404’ Deliberation


2/3/2005

NAMIC Statement on President Bush’s Call for Enactment of Class Action Reform Legislation


2/3/2005

Detlefsen to Direct NAMIC Public Policy Initiatives


2/3/2005

NAMIC Applauds Committee Approval of North Dakota Rate Modernization Bill


2/1/2005

NAMIC Concurs With Texas Commissioner on Accuracy of Insurance Scoring in Predicting Risk


1/28/2005

CFA Report Long on Innuendo, Short on Evidence, Says NAMIC


1/26/2005

NAMIC Opposes Colorado Bill to Ban Credit-Based Insurance Scoring


1/20/2005

NAMIC Says NAIC Broker Dealer Model Laudable But Still Too Broad


1/20/2005

NAMIC Opposes North Dakota Bill To Limit Underwriting Freedom


1/18/2005

NAMIC Testifies for North Dakota Rate Modernization Bill


1/18/2005

NAMIC Appoints Western Region State Affairs Manager


1/14/2005

Rate Modernization, Protecting Underwriting Tools, Tort Reform Top 2005 NAMIC National State Agenda


1/6/2005

NAMIC Pleased That President Bush Is Determined to Obtain Legal Reform


1/6/2005

NAMIC Says New Texas Study Puts To Rest Question of Relationship Between Credit-based Insurance Scores and Claims


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