DALLAS (Sept. 20, 2022) – The National Association of Mutual Insurance Companies today announced Reps. Peter DeFazio, D-Ore., and Sam Graves, R-Mo., as the association’s Federal Legislators of the Year.
“While many on Capitol Hill are focusing on partisanship and scoring political points, Congressmen DeFazio and Graves chose instead to work together and do the job voters sent them to Washington to do: help the American people,” said Jimi Grande, senior vice president of federal and political affairs for NAMIC. “Their combined efforts will help prevent millions of Americans from losing their homes or even their lives to severe weather events while reducing the costs of disaster aid on taxpayers, as studies show savings of as much as $11 for every dollar invested in mitigation.”
DeFazio and Graves received the award for their work on the Resilient AMERICA Act, H.R. 5689, which would help communities protect themselves from extreme weather events and natural disasters. The act would provide more funding for the Federal Emergency Management Agency’s Building Resilient Infrastructure and Communities program, with a portion of that funding specifically designated to help state and local governments adopt and enforce modern building codes. The legislation would also establish a pilot program for retrofitting existing construction to withstand modern weather events and allow funds to be used to improve the resiliency of infrastructure, including the electric grid, from wildfires and ice storms. Under DeFazio and Graves’ leadership, the Resilient AMERICA Act was advanced by the U.S. House Committee on Transportation and Infrastructure and passed by the full House with overwhelming bipartisan support and is now awaiting action in the Senate.
“I am honored to accept the NAMIC Legislator of the Year award along with Transportation and Infrastructure Committee ranking member Sam Graves for our bipartisan work on the Resilient AMERICA Act,” DeFazio said. “Preparing our communities to be more resilient in the face of increasingly extreme weather events is critically important as we begin to reckon with the impacts of the climate crisis. I am proud of our legislation designed to do just that, and pleased it passed through our committee and then the full House of Representatives with overwhelming support.”
“I am humbled to receive this award and was proud to work with chairman DeFazio to introduce H.R. 5689, the Resilient AMERICA Act, which overwhelmingly passed the House in April of this year,” Graves said. “This important legislation creates a significant number of new resources to ensure that states and communities across our great nation have the resources they need to build structures and homes more resiliently before a major storm or natural disaster rather than having to pick up the pieces on the back end.”
Each year, NAMIC honors federal lawmakers who have been leaders on the issues of great importance to the insurance industry with the Federal Legislator of the Year Award. The award bears the likeness of Ben Franklin, one of the nation’s founding fathers who in 1752 established a mutual insurance company that, as a NAMIC member, continues to serve policyholders to this day. NAMIC membership includes more than 1,500 member companies, including many of the country’s largest national insurers as well as regional and local mutual insurance companies on main streets across America. NAMIC members write $357 billion in annual premiums and account for 69 percent of homeowners, 56 percent of the automobile, and 31 percent of the business insurance markets.
Article Posted: 09.20.22
Last Updated: 09.19.22