The National Association of Mutual Insurance Companies welcomed the announcement today that government-sponsored enterprises Fannie Mae and Freddie Mac are delaying implementation of changes to guidance that would have drastically increased costs for millions of Americans.
Tag: NAMIC
NAMIC Responds to Property Insurance Reform Package in Florida Special Session
Florida’s special session on the property insurance crisis is an opportunity for the Legislature to pass critical reforms to address some of the most pressing issues that have led to the current crisis in the state’s insurance market, the National Association of Mutual Insurance Companies said today. “The package, while not perfect, makes much-needed progress… Continue reading NAMIC Responds to Property Insurance Reform Package in Florida Special Session
NAMIC Tells Lawmakers Pandemic Risk Remains Uninsurable
Pandemics are inherently uninsurable events, the National Association of Mutual Insurance Companies told members of Congress on Wednesday. Andrew Pauley, NAMIC’s public policy counsel, explained at a virtual roundtable hosted by Rep. French Hill, R-Ark., the ranking member of the House Financial Services Subcommittee on Housing, Community Development and Insurance, how the potential for widespread… Continue reading NAMIC Tells Lawmakers Pandemic Risk Remains Uninsurable
Alldredge Named Next CEO of the National Association of Mutual Insurance Companies
The National Association of Mutual Insurance Companies today named Neil Alldredge as the association’s next president and CEO, effective July 1. Alldredge has been with NAMIC since 1999, serving most recently as senior vice president of corporate affairs, where he led the membership recruitment and retention, public affairs, compliance, events and education, and marketing and… Continue reading Alldredge Named Next CEO of the National Association of Mutual Insurance Companies
NAMIC Hails Heck-Budd Bill to Protect State Insurance Regulation
The National Association of Mutual Insurance Companies applauded the introduction of legislation to protect state-based insurance regulation from being undermined by international regulatory standard-setting bodies. The International Insurance Standards Act of 2019, introduced Sept. 27 by Reps. Denny Heck, D-Wash., and Ted Budd, R-N.C., would prohibit United States representatives engaged in international insurance negotiations from… Continue reading NAMIC Hails Heck-Budd Bill to Protect State Insurance Regulation
NAMIC President/CEO Announces Retirement
The National Association of Mutual Insurance Companies announced today that Charles M. Chamness, NAMIC’s president and chief executive officer, is stepping down as CEO of the association in the fall of 2020 and will serve in an advisory role during the transition process after a successor is named. Chamness made the announcement in a speech… Continue reading NAMIC President/CEO Announces Retirement