Issues
Top issues affecting the property/casualty insurance industry
Explore NAMIC's positions on these important issues and learn what NAMIC Advocates are doing on behalf of the property/casualty insurance industry.
Terrorism Risk Insurance Act
NAMIC supports the current Terrorism Risk Insurance Act program and believes it is as necessary today as it was in the wake of the tragic attacks on Sept. 11, 2001. The TRIA program is working as intended and has led to a flourishing and robust market for terrorism risk insurance. Congress should act as swiftly as possible to reauthorize the TRIA program without alteration to its existing structure and without any damaging lapses in its authorization.
Learn moreMarijuana (Cannabis) Legalization
No state should ever create a circumstance, regardless of its own marijuana legalization laws, in which an insurer would be compelled by state law to violate federal law by being forced to provide insurance coverage for an illegal substance or business. However, if insurers are compelled to participate in any way with the cannabis industry there should be a robust safe harbor from any federal legal liability under controlled substances-related law.
Learn moreNational Flood Insurance Program (NFIP)
NAMIC supports a long-term reauthorization of National Flood Insurance Program that includes a shift toward risk-based rates, policies designed to increase private sector involvement in the program, and provisions to address affordability, increase mitigation, and address repetitive loss properties.
Learn moreAssignment of Benefits
NAMIC believes in fairness when it comes to the litigation process and supports efforts to protect policyholders from unscrupulous third-party service providers. Given the potential for fraud, which raises costs for all consumers, NAMIC is supportive of legislation in the states that prevents the abuse of the assignment of benefits legal tool.
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