Each year, NAMIC honors state and federal lawmakers who have been leaders on the issues of great importance to the insurance industry as Legislators of the Year. The award bears the likeness of Ben Franklin, one of the nation’s founding fathers who in 1752 established a mutual insurance company that continues to serve policyholders. To this day that company remains a NAMIC member along with the other more than 1,400 regional and local mutual insurance companies on main streets across America and many of the country’s largest national insurers. NAMIC members write $268 billion in annual premiums, accounting for 59 percent of homeowners, 46 percent of the automobile, and 29 percent of the business insurance markets.
The 2019 recipients of the State Legislator of the Year award are Sens. Doug Broxon of Florida, and Rick Wilborn of Kansas. They were selected by the NAMIC Board of Directors for their leadership in promoting and protecting competitive insurance markets. Broxon and Wilborn have shown strong leadership on issues affecting insurance public policy throughout the course of their careers in public service, and they have tirelessly worked on important pieces of legislation that have strengthened the insurance markets in Florida and Kansas to the benefit of both the insurance companies and the policyholders.
NAMIC named recognized Reps. Joyce Beatty, D-Ohio, and Ted Budd, R-N.C., as the association’s Federal Legislators of the Year. Beatty was an original co-sponsor of legislation to keep insurance-focused savings and loan holding companies under state jurisdiction and advocated for providing insurers with adequate representation on the Financial Stability Oversight Council. Budd was recognized for his efforts to provide greater oversight and transparency in international insurance standard-setting processes and preserving the robust state-based system of insurance regulation.