NAMIC Will Give $476,000 To Terrorist Attack Victims Relief

Thursday, October 18th, 2001 — A mutual insurance trade group will give $476,000 in fees from its cancelled international convention to the Sept. 11 terrorist attack victims and their families.

The National Association of Mutual Insurance Companies, headquartered in Indianapolis, said it will donate $119,000 each to the American Red Cross Disaster Relief Fund, the Twin Towers Fund, the New York Times 9/11 Neediest Fund and the Salvation Army relief efforts.

"The mutual insurance industry in America was founded by Benjamin Franklin in 1752," noted James A. Blum, NAMIC chairman and president of Brotherhood Mutual Insurance Co. of Fort Wayne, Ind.