PamelaE. Davis
Founder, President andCEO
ANI, NIAC, AMS&NANI
TomWander
Chair of NIAC
WilsonM. Jones
Chair of ANI, AMS&NANI
AHeadfor Insurance. AHeartforNonprofits. 3
Groupwas comprisedof $8.2million
fromNIAC, $1.9million fromANI, and
$1.3million fromNANI. InSeptember,
2015A.M. Best affirmed theAVIII
(Excellent) rating of theGroup.
TheNIACBoard of Directors has
declared a $2.0million dividend in
2016. NIAC’s dividend plan, based
on premiums paid, rewards individual
members for length of continuous
coverage aswell as favorable claims
experience. NIAC’s successful lawsuit
against the Board of Equalization and
recovery of $651,000 in property taxes
from prior years, contributed to its
ability to increase its dividend this
year. ANI is not yet large enough to
pay dividends, however, itsmembers
are accruing points toward essentially
the same dividend plan that NIAC
members share.
With the election of boardmembers
in February of this year, we said a
fond farewell, full of gratitude and
respect, to Larry Bacon, whohas served
on our boards for nearly 25 years and
who has beenNIAC’s chairman for
nearly 20 years. Furthermore, Larry
was the founding chairman of ANI,
NANI andAMS.
Thehonorary titleofChairEmerituswas
conferredonLarrybyunanimous
approval of all of the boards of direc-
tors in theNonprofits InsuranceAlli-
anceGroup.We have been preparing
for a smooth transition for some time
andwelcome TomWander as NIAC’s
chairman.Wilson Joneswill continue
as ANI’s chairman, and assume the
chairmanship of NANI andAMS.
We oftenworkmost closely to support
nonprofit executiveswhen they are sad
or stressed and upset about an accident
or injury or suffering through a tough
lawsuit or long trial. And, evenwhen
they are at their lowest, wemarvel at
the resolve and resiliency of the vast
majority of thosewhohave chosen to
make theworld a better place through
their nonprofitwork.We salute you,
ourmembers!
