NAMIC Adds New Regulatory Support Post
NU Online News Service, Oct. 14, 1:14 p.m. EST? The National Association of Mutual Insurance Companies has created a new position to help members cope with regulatory red tape, and hired a veteran attorney to fill the post.
NAMIC, based in Indianapolis, said it has named Marsha Harrison as regulatory manager with the group's Legislative and Regulatory Affairs team. The organization said its action was a response to "the frustrations of member companies burdened by the cost of state insurance regulation."
Ms. Harrison was formerly vice president of legal affairs at Monroe Guaranty Insurance Company on Carmel, Ind., part of FCCI Insurance Group in Sarasota, Fla.
Roger Schmelzer, vice president of regulatory affairs for the national property-casualty trade association, said Ms. Harrison's appointment "accomplishes our goal of adding a professional with experience in technical property-casualty compliance who can help our members more smoothly and less expensively navigate state regulatory requirements."
This new position is being added as part of the association's ongoing mission to "have a positive impact on our member-companies' bottom line," he added.
Ms. Harrison, NAMIC said, will serve as the principal resource to member company executives and compliance personnel seeking assistance on compliance-related issues in the states. She will work with a committee of multi-state member companies to help identify and resolve specific state issues.
Ms. Harrison spent 11 years with Monroe Guaranty, where she also served as board secretary. Her previous experience includes serving as corporate counsel at the Indiana Farm Bureau, chief counsel at the Indiana Department of Insurance, and deputy attorney general in Indiana. Ms. Harrison was also a member of the Indiana Guaranty Association board, and the Indiana Insurance Institute Legislative Steering Committee.
Ms.Harrison said she looks forward to "providing assistance to NAMIC's member companies as we work together to improve the laws and regulations that affect compliance requirements."
NAMIC counts more than 1,300 companies as members.
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