Big “I” Testifies at house
Natural Disaster Legislation hearing

WASHINGTON—The Big “I” recently commended the
U.S. House of Representatives Committee on House Fi-
nancial Services Subcommittee on Housing and Communi-
ty Opportunity and the Subcommittee on Capital Markets,
Insurance, and Government Sponsored Enterprises for
holding a joint hearing titled, “Approaches to Mitigating
and Managing Natural Catastrophe Risk: H.R. 2555, The
Homeowners’ Defense Act.”
The Homeowners’ Defense Act was introduced last year by
Reps. Ron Klein (D-Fla.) and Bill Posey (R-Fla.) in an at-
tempt to address growing concerns regarding the affordabil-
ity and availability of natural disaster insurance. The Big “I”
submitted testimony in this hearing in support of Congress
finding a solution to the rising prices and continued lack
of availability for both homeowners’ and commercial in-
surance in some parts of the country due to the continued
threat of natural disasters.

Affordability: A Disaster in its Own Right

“The lack of affordable natural disaster insurance in many parts of the country requires Congressional action, and the consideration of H.R. 2555 is a good first step towards solving this national problem,” says Charles E. Symington Jr., Big “I” senior vice president of government affairs. “We applaud the House Financial Services Subcommittees for holding this important hearing and exploring potential solutions.”

continued on page 6

South Plains Task Force
Gets ICT Assistance

In This Issue

The Root of the healthcare Crisis by Rusty Rice

LUBBOCK—The Insurance Council of Texas (ICT) has joined with the South Plains Auto Burglary and Theft Prevention Authority in a crime prevention campaign aimed at preventing auto thefts and auto burglaries.

NAPSLO Applauds Dodd et. al. on Surplus Lines Reform 5

ACORD Ups Focus on Standards education, Compliance 8

The program involves the funding and distribution of signs that read, “LOCK your car, TAKE your keys and HIDE your belongings.”

SELLING STRATEGIES:

Critical Success Factors for Sales 10

Boldly Going Where No One has Gone Before

Sign of the Times

The task force located in Lubbock will receive LOCK, TAKE and HIDE signs that will be distributed and placed throughout the Lubbock area in a 28 county region.

continued on page 6

AIA: P/C Poses No Systemic Risk 12

It’s All in the execution: Marketing Your Life Insurance Practice by Kenneth A. Shapiro

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