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Cameron’s Osborn to Chair NAMIC State Issues Panel

INDIANAPOLIS (April 7, 2006) — The National Association of Mutual Insurance Companies (NAMIC) has selected a veteran insurance executive to chair its state advocacy committee.

Kent Osborn, treasurer of Cameron Mutual Insurance in Cameron, Missouri, has been selected to serve a two-year term as chairman of the NAMIC State Affairs Committee. The committee is charged with oversight of the NAMIC state advocacy agenda before legislatures, regulators and national state legislative organizations.

Key issues for NAMIC in 2006 include rate modernization, preservation of underwriting freedom and opposition to the imposition of SOX-like requirements on non-public insurance companies.

“I am pleased to be able to serve NAMIC in this position and what I take away from the committee will be more than I bring,” Osborn said. “This is a critical time for the insurance industry with several important challenges ahead. I look forward to offering the perspective of one insurance company from the heartland to the committee’s discussions.”

Previously, Osborn served as chair of the NAMIC Tax and Accounting Committee and is currently a member of the organization’s Natural Disasters Task Force. He has been active in the Insurance Accounting and Systems Association (IASA) both nationally and with its Midwest chapter.

“NAMIC is fortunate to have available the services and expertise of a respected career insurance professional as Kent,” said Roger H. Schmelzer, NAMIC’s senior vice president of the organization’s state and regulatory affairs department. “He brings a common-sense approach both to insurance public policy and the advocacy means by which to achieve the optimal results for consumers and the property/casualty industry as a whole.”

Osborn succeeds Michael McCarter of AIG as committee chair.

Posted: Friday, April 07, 2006 12:00:00 AM. Modified: Monday, April 10, 2006 3:56:44 PM.

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