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MEDIA ADVISORY

NAMIC Convention Program Spotlights Emerging Public Policy Issues

INDIANAPOLIS (Aug. 25, 2006) – The 111th Annual Convention of the National Association of Mutual Insurance Companies (NAMIC) will feature two panel discussions focusing on issues of central importance to insurers, regulators, and consumers.

The first session, scheduled for Tuesday, Sept. 19, is titled “Collateralization for Alien Reinsurers: Should the Current System be Changed?” Current laws require reinsurers that are not licensed to do business in any U.S. state—a category that includes most foreign, or “alien,” reinsurers—to post collateral to conduct business in the U.S. market. However, a proposal currently before the NAIC would change that system by reducing or eliminating the collateral requirement based on a rating of each reinsurer’s financial strength.

An eclectic group of American and European reinsurance experts will discuss the pros and cons of this controversial proposal. Panelists include Axel Freiboth, senior vice president, North American Treaty Department, Hannover Re; Warren Heck, chairman and CEO, Greater New York Mutual Insurance Company; Karel van Hulle, head of Unit, Insurance and Pensions, Financial Institutions, The European Commission; and Frank W. Nutter, president, Reinsurance Association of America. The discussion will be moderated by John J. DiGregoria, executive vice president and corporate secretary, the Holborn Corporation.

“Natural Disasters: Where Do We Go from Here?” is the subject of the second panel discussion, which will immediately follow the association’s annual business meeting on Wednesday, Sept. 20. In the past two years alone, U.S. insurers have paid more than $78 billion in hurricane-related damage claims. The devastation wrought by these catastrophic events has raised a host of questions about how society should prepare for future mega-catastrophes, ranging from insurance affordability and availability issues in states like Florida to whether a national catastrophe fund plan should be created to aid in disaster recovery.

This session brings together two of the country’s leading experts on natural disasters: Robert Hartwig, executive vice president and chief economist at the Insurance Information Institute; and Kevin McCarty, Insurance Commissioner of the State of Florida. Kevin Meskell, executive vice president, Quincy Mutual Fire Insurance Company and Chair of the NAMIC Task Force on Natural Disasters, will serve as moderator.

The convention will take place Sept. 17-20, at the Tampa Convention Center, Tampa, Fla.

General session speakers include keynoter Fred Thompson, of television’s “Law & Order” fame and former senator of Tennessee; Hyrum Smith, founder of the Franklin Planner and co-founder of Franklin-Covey; and George Will, the Pulitzer Prize-winning columnist and “Newsweek” essayist.

Members of the media may register for the convention free of charge. A complimentary registration form is attached. For more information about the convention, visit NAMIC Online, www.namic.org,


For further information, contact
Dave Reddick
(317) 875-5250 Tel
(317) 879-8408 Fax
dreddick@namic.org

For further information, contact
Bob Detlefsen
(317) 875-5250 Tel
(317) 879-8408 Fax
rdetlefsen@namic.org

Posted: Friday, August 25, 2006 12:00:00 AM. Modified: Friday, August 25, 2006 2:48:46 PM.

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

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