Annual Report 2020 Namic

2020 NAMIC PAC ANNUAL REPORT TABLE OF CONTENTS WORD FROM THE CHAIR ....................................................................... 2 2020 ELECTION CYCLE ACCOMPLISHMENTS ........................................ 3 NAMIC PAC TOP 20 ............................................................................... 5 PARTICIPATING COMPANIES .................................................................. 7 NAMIC PAC CLUB MEMBERS ............................................................... 10 NAMIC PAC CONTRIBUTIONS .............................................................. 27 NAMIC PAC TRUSTEES 2020 MEMBERSHIP ........................................ 35 NAMIC PAC OVER THE YEARS .............................................................. 36 2 In what can only be described as a challenging year, NAMIC PAC supporters proved that even in uncertain times, their support for the property/casualty insurance industry is unwavering. It is my sincere pleasure to tell you that for the 13th cycle in a row, NAMIC PAC grew, raising $1,192,351 WORD in the 2019-2020 cycle. I hope you will take a few minutes to look through this report and learn more about what your FROM THE support has enabled us to accomplish in Washington and in state capitals across the country. In the grip of a global pandemic, worries of a burgeoning recession, increased political activism CHAIR and calls for social justice reform, federal and state lawmakers around the country continued to pursue legislative initiatives that would have had a severe impact on insurers. From proposals that would have mandated retroactive business interruption coverage for losses related to pandemics; inappropriately extended workers compensation coverage to some COVID-19 claims; and efforts to restrict risk-based pricing, there was no shortage of potentially damaging legislation over the "IN WHAT CAN ONLY course of 2020. BE DESCRIBED AS A Because of the continued support from NAMIC PAC donors over the years, we have been able to CHALLENGING YEAR, utilize our resources to build strong, bi-partisan relationships with lawmakers that paid dividends NAMIC PAC SUPPORTERS in legislative victories in 2020. NAMIC was able to defeat at least 20 proposals at the state level mandating retroactive BI coverage, while also keeping any federal proposals from picking up PROVED THAT EVEN momentum. They were also able to get a key industry initiative, the Provide Accurate Information IN UNCERTAIN TIMES, Directly Act (PAID Act), passed into law that would not have been possible without the groundwork THEIR SUPPORT FOR THE laid over the years by NAMIC PAC. PROPERTY/CASUALTY These victories are important to celebrate; however, it is important to keep our eyes down the road for what comes next. 2021 is sure to be full of challenges; the threat to underwriting freedom across INSURANCE INDUSTRY the country has never been stronger. Meanwhile, unworkable (and in some cases unconstitutional) IS UNWAVERING." legislation and regulations continue to be contemplated pertaining to COVID-19 and the insurance industry, and the possibility of unfavorable corporate tax reform looms large. NAMIC PAC is the best way to ensure our voice is heard when key legislation is being debated in Congress or State Houses – legislation that in the current environment could mean ultimate success or failure for our industry. While 2021 still holds many uncertainties, there is one thing of which I am certain; incoming PAC Chairman Dan DeLamater, President & CEO, of Southern Mutual Insurance Company (a subsidiary of Donegal group) will continue to advocate for our industry and will oversee another successful year for the PAC. Again, thank you for your continued support – we know that each dollar represents a personal sacrifice, and we are honored that you continue to value NAMIC PAC as a worthy investment even in tough times. We could not have done it without you! While I will no longer serve as Chair, I look forward to continuing to work hand-in-hand with you every single day to advocate for our mutual future. Here’s to 2021! Jake Black President & CEO CFM Insurance Inc. NAMIC PAC Chair 2020 2020 ELECTION CYCLE 3 ACCOMPLISHMENTS A global pandemic, a highly contested presidential election, and a record-breaking year of storms were the hallmark of 2020. It’s a year whose chaos we are eager to forget, yet even during such difficult times, NAMIC continued the work of making the voice of our industry heard and enjoyed some notable successes. In 2020, NAMIC advocates: Were successful in defeating seemingly endless Stopped a dangerous pandemic solution modeled 1 efforts by legislators in Washington, D.C., and in state 5 after the TRIA program from advancing, and testified capitols to impose a retroactive coverage mandate on the topic during what was a third testimony before for viruses under business interruption coverage. the House Financial Services Committee in 2020, the Working with legislators and through multiple letters most of any organization in Washington, and at all of to the White House, Governors and state and local the committee’s hearings on insurance. lawmakers, bills were defeated in 18 states, and the District of Columbia. Led a joint industry advocacy effort that resulted in 6 in securing a one-year extension of the authorization Fought pushes to expand COVID-19 workers of the National Flood Insurance Program, the longest 2 compensation presumptions in Kentucky, New Jersey, extension for the NFIP in a decade. New York, and elsewhere. The drive to expand workers compensation presumptions in response to the virus Saw record-breaking funding to communities across often went far beyond first responders, creating a the nation in order to undertake pre-disaster mitigation massive new coverage for which no premium had 7 activities and build more resiliently, through a program been collected. created by the NAMIC- championed Disaster Recovery Reform Act. Secured passage and presidential signature on the PAID Act, which provides a commonsense solution to 3 Created a COVID-19 Resource Center developed and a lingering threat of needless litigation for insurers who populated with everything from legislative and litigation had no way of knowing if they needed to reimburse a 8 updates, compliance information, member companies Medicare Advantage Plan for healthcare that should charitable giving and pandemic response activities, have been covered by an auto policy. news, webinars and more. Testified before the House Financial Services Released seven new technical analyses of key issues Committee to speak out against legislation that would 4 that now reside in NAMIC’s public policy library, have allowed Risk Retention Groups to expand their 9 where they provide timely and relevant information offerings and compete directly with admitted insurers; to the membership. and a few weeks later during another hearing in order to defend the property/casualty industry’s use of risk- based underwriting. 2020 ELECTION CYCLE 4 ACCOMPLISHMENTS Thanks to your continued efforts, we provided significant support to our allies in Congress and state legislatures. In 2019, NAMIC: Worked with Congress to extend the Terrorism Risk Successfully led an educational campaign to stop H.R. 1 Insurance Program for seven years on a bipartisan 5 3693, the Prohibit Auto Insurance Discrimination Act, basis with no significant changes. from advancing out of the House Financial Services Committee, and halted several similar state measures as well. These bills essentially would have outlawed Successfully led congressional oversight efforts that all non-driving factors from being considered in the resulted in the Department of Treasury refusing to 2 underwriting process to the detriment of consumers accept an ill-fitting international capital standard that and policyholders. would be harmful to NAMIC member companies and prevented the NAIC from moving forward with increased capital requirements for insurers to offset the Led a multi-year effort in Florida to pass the assignment changes in collateral requirements for foreign reinsurers 6 of benefits reform which succeeded in 2019. The necessitated by the U.S.-EU Covered Agreement. measure ends the one-way attorney fee loophole on homeowners claims that has caused a drastic rise in litigation over the last decade. Continued to establish NAMIC as the industry leader 3 on the topic of automated vehicles by authoring white papers, appearing before congressional hearings held Secured the repudiation of the ALI’s Restatement of by both the House Transportation and Infrastructure 7 the Law, Liability Insurance in nine states and the and Financial Services committees, and playing a National Council of Insurance Legislators. The RLLI’s key role in helping shape the first comprehensive massive overreach into making law instead of its AV legislation. stated purpose to reflect the law is now transparent to legislators and courts alike, with ongoing efforts by NAMIC in 2020. Led efforts with House leadership to include NAMIC 4 authored language in H.R. 1595, the SAFE Banking Act, that would provide the needed safe harbor for insurance companies engaging with legal cannabis related businesses and consumers. The measure passed the House in September 2019. NAMIC PAC 5 TOP 20 OF 2020 Top 20 Contributing Companies 1 Auto-Owners Insurance Group $66,326 2 Western National Mutual Insurance Company $26,088 3 Ohio Mutual Insurance Company $25,773 4 Harford Mutual Insurance Company $25,058 5 Pennsylvania Lumbermens Mutual Insurance Company

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