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Challenges of Government Regulation Highlight NAMIC's Annual Convention

INDIANAPOLIS (Aug. 24, 2007) - Former Florida Gov. Jeb Bush kicks off the National Association of Mutual Insurance Companies' (NAMIC) Annual Convention, Sept. 16-19 in Grapevine, Texas, just outside Dallas. Now in its 112th year, the meeting presents an opportunity for members of the insurance industry to meet, network, and learn from each other.

"Issues involving government affairs, advocacy, and challenges from state and federal lawmakers are confronting the property/casualty insurance industry in myriad ways," said Chuck Chamness, NAMIC's president and CEO. "This year's convention will give our members a chance to gain insight into how best to address these concerns."

In addition to Chamness, NAMIC state and federal policy experts, as well as insurance company CEOs, will be on hand to share their stories and best practices ideas.

With attempts to repeal the McCarran-Ferguson antitrust exemption, extending the terrorism insurance backstop program, and insurance regulatory reform serving as a backdrop, attendees will hear from various insurance experts and be treated to a variety of entertainment.

Several top experts will discuss the impact of climate change on the property/casualty insurance industry.

A highlight of the convention will be the unveiling of a major public policy paper, The Assault on the McCarran-Ferguson Act and the New Politics of Insurance in the Post-Katrina Era. The author, Lawrence S. Powell, Ph.D., of the University of Arkansas, Little Rock, will host a session to discuss his study.

Bush's opening speech on Monday comes as Florida is in the midst of what experts have predicted could be another record hurricane season. His speech will address leadership and how to advocate for big ideas that require big changes.

Tuesday's general session features Linda Rutherford, vice president of public relations and community affairs for Southwest Airlines. On Wednesday, a liberal strategist and a conservative columnist try to find "common ground" on contentious issues, as Bob Beckel and Cal Thomas bring their USA Today column to NAMIC's attendees.

The breakout sessions include the following:

• ERM: A Practical Approach to Implementation
• Underwriting Tools Under Pressure . How to Develop Tools for Properly Priced Risk
• Preparing for a Rating Agency Evaluation
• Management Guide to Agency Company Technology: Developing strategies and implementing successful solutions
• Creating Political Activism. Jimi Grande, NAMIC's vice president for federal and political affairs, will discuss the 2008 elections, threats to the industry, and ways to create a politically active senior leadership team and staff to leverage your voice in your community.

Also at the convention, recipients of several prestigious awards will be announced, including NAMIC's Legislator of the Year and State Legislator of the Year. Singer/performer Lyle Lovett will close out the convention during Wednesday night's banquet.

For further information, contact
Nancy Grover
(202) 628-1558 Tel
(202) 628-1601 Fax
ngrover@namic.org