What is InsurPac
InsurPac is the Political Action Committee (PAC) of the Independent Insurance Agents & Brokers of America (IIABA). It was established in 1975 to complement IIABA's legislative program, and has since become the largest property-casualty insurance industry PAC in the country. InsurPac is one of the reasons the Big "I" is routinely rated in Fortune magazine's top-25 list of most successful lobbying groups in Washington, DC.
Lobbying without InsurPac would be like Lavern without Shirley, Batman without Robin or CPC without U. It would be virtually impossible to separate InsurPac from IIABA's lobbying strategy. InsurPac is not a goal unto itself; it's a means to further agent's issues on the Hill.
InsurPac raises funds by asking for voluntary personal contributions from independent agents and brokers throughout the country. By pooling these monies together, InsurPac helps elect candidates and re-elect members of the U.S. Congress who share IIABA's business philosophy.
Why is it important for InsurPac to financially support members of Congress? The reasons are clear. Attention. Access. Foot in the door. While contributions do not buy solutions to legislative debates, they do allow members of IIABA's government affairs team significant face-time with elected officials. Through InsurPac, IIABA is allowed the opportunity to educate these members and develop working relationships with them. Lobbying and a well-funded PAC go hand-in-hand.
"Truthfully, if we didn't have InsurPac, we would be fighting agent battles with both hands tied behind our back," says Robert A. Rusbuldt, IIABA CEO.
While the insurance industry is state regulated, and agents and brokers want to maintain this system of regulation, it is the U.S. Congress that will make that decision, as well as many other critical decisions that affect our industry. Federal regulation of insurance, tort issues, medical malpractice reform, asbestos reform, tax issues (including the depreciation of expirations), terrorism insurance, the crop program, flood insurance, agency licensing, speed to market reform, new privacy proposals and regulations for companies and agencies, the USA Patriot Act, expanding risk retention groups to include property, natural disaster reform, COLI, the tax treatment of life insurance products, health insurance reform, and much more, are all issues that are being discussed in Congress.
InsurPac is going to bat for independent agents on a daily basis, working to protect their livelihoods. However, these efforts are made more difficult because it is being outspent by major competitors in the financial services world.
Without more immediate support from agents and brokers, InsurPac will struggle to have impact in Washington and throughout the country. Independent agents have the power to make a difference, but only if they get involved.
CORPORATE APPROVAL FORM (The principal of the corporation only needs to complete this every 5 years)
INSURPAC CONTRIBUTION FORM (For individual contributions)