INDIANAPOLIS (Jan. 30, 2006)—Hurricane Katrina’s aftermath dominated the attention of visitors to the National Association of Mutual Insurance Companies website in 2005. Tort reform, the Sarbanes-Oxley Act, and credit-based insurance scoring also captured visitors’ attention at NAMIC Online.
“It’s not surprising that Katrina garnered the top three spots and comprised 26 percent of the top 50 stories,” said NAMIC Online & Print Services Manager Jon Gorman. “Anytime you have a major event like Katrina, it’s a huge story for the insurance industry and for everyone in general.”
According to the Insurance Information Institute, insured losses from Hurricane Katrina are estimated to be $38.1 billion and total economic losses are likely to amount to more than $100 billion, making it the most costly and devastating natural disaster in the nation’s history.
2004 saw news stories in the industry revolve around issues of tort reform, Sarbanes-Oxley, credit-based insurance scoring, and insurance regulation–the issues outside of Katrina that comprised the news stories of 2005. “If you take away Katrina, these have been the main concerns facing our industry during the last several years,” said Gorman. “NAMIC continues to inform and engage its members on these matters.”
By providing relevant information concerning the mutual insurance industry, NAMIC Online has proved to be a vital resource for its users. The online publication has gone through three major website redesigns since 2002, providing more and better content to its readers, which has led to significant usage increases. 2005 NAMIC Online traffic showed a 430 percent increase compared to 2002. Total visits increased by 361 percent, registered users have gone up 441 percent, and page views have seen an increase of 160 percent. The rankings are determined by web analytics used by NAMIC to track statistics on the use of NAMIC Online.
NAMIC Online, the hub of NAMIC’s e-communication effort, publishes publicly available daily news and information as it relates to the mutual insurance industry, while focusing its daily updates on state, federal, financial, regulatory and legal news affecting the industry.
For further information, contact
Rick Nelson, APR, CAE
(317) 875-5250 Tel
(317) 879-8408 Fax
Posted: Monday, January 30, 2006 12:00:00 AM. Modified: Monday, January 30, 2006 4:31:40 PM.
317.875.5250 - Indianapolis | 202.628.1558 - Washington, D.C.