National Harbor, Md. (Sept. 19, 2023) – The National Association of Mutual Insurance Companies today awarded Rep. French Hill, R-Ark., as the association’s Federal Legislator of the Year.
“When America has faced challenges related to insurance French Hill has stepped up to seek out practical commonsense solutions,” said Jimi Grande, senior vice president of federal and political affairs for NAMIC. “His careful consideration helped prevent a government overreaction to pandemic-related insurance issues, and he has consistently been a leader in efforts to reform the troubled National Flood Insurance Program. As a former Treasury official and business owner, French Hill understands better than anyone on Capitol Hill the delicate balance between government action and consequences for the marketplace.”
First elected to the U.S. House of Representatives in 2014, Hill is a senior member of the House Financial Services Committee, which has jurisdiction over insurance. In that role, Hill is a voice of reason and steadfast advocate for commonsense solutions facing the property/casualty insurance industry and consumers while recognizing the vital role the insurance industry plays in the economy.
Prior to being elected, Hill worked as a community banking and investment manager in his home state of Arkansas. He also served in President George H. W. Bush’s administration with posts as a deputy assistant secretary of the Treasury and executive secretary to the President’s Economic Policy Council. In addition, Hill worked in Congress as a staffer for former Sen. John Tower, R-Texas, and on the staff of the U.S. Senate Banking Committee.
Among the many issues to benefit from Hill’s leadership were efforts to combat wildfire risk, pandemic risk, and reforming and extending the National Flood Insurance Program on a long-term basis to provide stability for consumers and real estate markets.
“I’ve spent my career in and around the financial services industry, both in the public and the private sectors. Through my experience I know firsthand how important it is to have a healthy, robust, and competitive property/casualty insurance industry,” Hill said. “I’m proud to have worked with NAMIC members from my home state of Arkansas and around the country over the years as we’ve tackled risks from flooding, wildfire, and other natural disasters to strengthen our communities and protect the American people.”
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 reflects 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 $391 billion in annual premiums and account for 68 percent of homeowners, 56 percent of the automobile, and 31 percent of the business insurance markets.
Article Posted: 09.19.23
Last Updated: 09.19.23