The Independent Insurance Agents & Brokers of America (IIABA or the Big "I") today announced that its political action committee, InsurPac, distributed more than $1.8 million in the 2012 campaign cycle resulting in a 84% congressional victory rate.
"InsurPac supported more House and Senate campaigns than ever before and, while the dust is still settling on campaign 2012 and our victory rate could actually increase as a few close races are tabulated, we are pleased with the overall numbers," says Robert Rusbuldt, Big "I" president and CEO. "Big 'I' independent agents and brokers have spoken loud and clear through InsurPac dollars leading to a strong victory rate for the PAC."
In the 2012 election cycle, more than 5,000 independent agents and others have 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.
"The political power of the Big 'I', fueled by an active membership, bipartisan Capitol Hill team and InsurPac, cannot be understated," says Charles Symington, Big "I" senior vice president of government affairs. "InsurPac supported more House and Senate campaigns than ever before, and distributed a record amount of money as the largest political action committee representing the property and casualty insurance market. InsurPac distributed $1,843,500 in support of 282 races, winning at least 236 of them for an overall 84% victory rate."
In disbursing contributions, InsurPac does not look at party affiliation but supports candidates for federal office including members of the U.S. House of Representatives and Senate who have been advocates and supporters of the independent agency system and small business.