WASHINGTON, D.C., Jan.15, 2015 — The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) today announced that its political action committee (PAC), InsurPac, raised $1,026,123 during the 2014 calendar year setting a new record for receipts in a calendar year and breaking the annual one million dollar mark for the third time since its inception. It’s also the first time InsurPac surpasses the $2 million mark in an election cycle.
“The Big ‘I’ is grateful to the thousands of independent insurance agents, brokers and supporters who contributed to InsurPac and helped us reach the $1 million mark again,” says Robert Rusbuldt, Big “I” president and CEO. “The Big ‘I’ membership has always prided itself on political engagement, and the continued growth of InsurPac and the PACs 2013-2014 campaign victory rate further demonstrates that every dollar counts.”
InsurPac distributed more than $1.8 million in the 2013-2014 campaign cycle in support of more Senate and House campaigns than ever before resulting in a 93% congressional victory rate.
“The Big ‘I’ is proud that InsurPac remains the largest property-casualty PAC in the country and dwarfs any other PAC purporting to represent main street independent property-casualty agents,” says Charles Symington, Big “I” senior vice president of external and government affairs. ”The Big ‘I’ continues to be one of the most well-respected business associations in Washington, D.C. and InsurPac complements its advocacy efforts and is an excellent example of our members’ political and grassroots clout.”
In the 2014 election cycle, more than 5,000 independent agents and others joined forces to support InsurPac with personal, voluntary contributions. InsurPac distributes 100% of its voluntary agent contributions to federal campaigns and, as a result, has an impressive bipartisan track record in Congress and on the campaign trail.
In disbursing contributions, InsurPac does not look at party affiliation but supports representatives, senators, and candidates for federal office that have been advocates and supportive of the independent agency system.
Founded in 1896, the Big “I” is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of approximately a quarter of a million agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance—property, casualty, life, health, employee benefit plans and retirement products. Web address: www.independentagent.com.