House Resolution 102 - Introduced PAG LIN H.R. ________ S.R. ________ 1 1 HOUSE RESOLUTION NO. 1 2 BY McCARTHY, MURPHY, and RANTS 1 3 A Resolution designating February 5, 2008, as Iowa 1 4 Insurance Day. 1 5 WHEREAS, the Iowa insurance industry, through its 1 6 employees and agents, has contributed significantly to 1 7 the growth and strength of this state and our nation; 1 8 and 1 9 WHEREAS, Iowans benefit greatly from the financial 1 10 protections provided by the Iowa insurance industry 1 11 through the provision of mechanisms to insure the 1 12 health, life, property, liability, and retirement 1 13 income of Iowans; and 1 14 WHEREAS, 208 insurance companies are headquartered 1 15 in Iowa, including 63 property and casualty companies, 1 16 25 life insurance companies, eight health insurance 1 17 companies, and over 100 state and county mutual 1 18 insurance companies; and 1 19 WHEREAS, the Iowa insurance industry is directly or 1 20 indirectly linked to the provision of over 88,000 1 21 jobs; and 1 22 WHEREAS, incomes supported by the Iowa insurance 1 23 industry generate over $309 million in major state and 1 24 local taxes; and 1 25 WHEREAS, the Iowa insurance industry accounts for 1 26 2.6 percent of the state's jobs yet generates 5.6 1 27 percent of the state's contribution to gross state 1 28 product; and 1 29 WHEREAS, the Iowa insurance industry accounts for 1 30 2.6 percent of the state's jobs, which is more than 2 1 double the percentage accounted for in 1990; and 2 2 WHEREAS, Iowa's insurance workers are more 2 3 productive than the national norm and account for 1.6 2 4 percent of the nation's insurance jobs, yet generate 2 5 2.2 percent of the nation's gross domestic product; 2 6 NOW THEREFORE, 2 7 BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES, 2 8 That the House of Representatives designates the day 2 9 of February 5, 2008, as Iowa Insurance Day and invites 2 10 the citizens of Iowa to discover and honor the 2 11 important economic contributions made by the Iowa 2 12 insurance industry. 2 13 LSB 5953HH 82 2 14 av/rj/5.1