The National Association of Mutual Insurance Companies commends legislation re-introduced in the House of Representatives to ensure access to repair and diagnostic automobile data that will provide consumers with greater choice in having their cars repaired. According to the association, protecting a consumer’s right to choose their repair providers and control the data needed to […]
Insurance Associations Say President Biden’s Comments on Race-Based Auto Insurance Pricing False
The American Property Casualty Insurance Association (APCIA) and the National Association of Mutual Insurance Companies (NAMIC) released statements calling remarks January 16 by President Biden at the National Action Network’s Annual Martin Luther King Day Breakfast that auto insurers base premiums on race as false. According to the published remarks posted on the White House […]
Insurance Association Tells Lawmakers Pandemic Risk Remains Uninsurable
Pandemics are inherently uninsurable events, the National Association of Mutual Insurance Companies told members of Congress yesterday. Andrew Pauley, NAMIC’s public policy counsel, explained at a virtual roundtable hosted by Rep. French Hill, R-Ark., the ranking member of the U.S. House Financial Services Subcommittee on Housing, Community Development and Insurance, how the potential for widespread […]
National Association of Mutual Insurance Companies Details Factors Driving Higher Auto Insurance Costs
Cites factors such as driving behavior, modern vehicle costs outside insurance industry’s control. Says repair complexity means days of the “shade tree mechanic” and collision repair facility that can fix anything are waning. The National Association of Mutual Insurance Companies (NAMIC) on December 14 released its analysis Cost Drivers: How Riskier Roads, Rising Repairs, and […]
Market Analysis Affirms Strength of Mutual Insurance Industry
New report from NAMIC and AON adds to the evidence supporting financial strength and stability of mutual insurers. The National Association of Mutual Insurance Companies (NAMIC) and Aon have taken another step toward understanding how mutual insurers’ performance, structure, and focus set them apart from other insurance entities with the release of the fourth annual […]
Mutual Insurers Association Optimistic about Automated Vehicles but Caution Safety Must Be Top Focus
Report calls for third-party access to defined, transparent data standards that foster better understanding of automated vehicles and their operation. Automated driving systems (ADS) hold great promise to save lives and reduce crashes on the nation’s highways, according to a new white paper from the National Association of Mutual Insurance Companies (NAMIC), but the road […]