Senate Resolution 11 

PAG LIN





  1  1                SENATE RESOLUTION NO. ___
  1  2           BY  GRONSTAL, WARNSTADT, and LUNDBY
  1  3 A Resolution designating February 6, 2007, as Iowa Insurance
  1  4    Day.
  1  5    WHEREAS, the Iowa insurance industry, through its
  1  6 employees and agents, has contributed significantly to
  1  7 the economic growth and strength of this state and our
  1  8 nation; 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, and retirement income of
  1 13 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, more than 42,000 Iowans work in Iowa's
  1 20 insurance industry, with the Iowa insurance industry's
  1 21 employment growth rate increasing 3.5 percent faster
  1 22 than the employment growth rate in the rest of the
  1 23 state for the past 18 years; and
  1 24    WHEREAS, over 30,000 agents and brokers represent
  1 25 the Iowa insurance industry in every county of the
  1 26 state; and
  1 27    WHEREAS, the yearly Iowa insurance industry payroll
  1 28 for its Iowa employees exceeds $2 billion, which
  1 29 accounts for 5.5 percent of the total private sector
  1 30 payroll in Iowa; and
  2  1    WHEREAS, Iowa's insurance industry currently
  2  2 accounts for 5 percent of the gross state product,
  2  3 with more than $5.5 billion in annual economic
  2  4 activity in Iowa; NOW THEREFORE,
  2  5    BE IT RESOLVED BY THE SENATE, That the Iowa Senate
  2  6 designates the day of February 6, 2007, as Iowa
  2  7 Insurance Day and invites the citizens of Iowa to
  2  8 discover and honor the important economic
  2  9 contributions made by the Iowa insurance industry.
  2 10 LSB 2087SS 82
  2 11 av:nh/es/88