Senate Resolution 102 - Introduced

PAG LIN

                                    S.R. ________ H.R. ________


  1  1                SENATE RESOLUTION NO.    
  1  2                 BY  GRONSTAL and WIECK
  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 SENATE, That the Senate
  2  8 designates the day of February 5, 2008, as Iowa
  2  9 Insurance Day and invites the citizens of Iowa to
  2 10 discover and honor the important economic
  2 11 contributions made by the Iowa insurance industry.
  2 12 LSB 5953SS 82
  2 13 av/rj/5