Predict your next investment

FINANCIAL | Insurance / Property & Casualty
aiadc.org

See what CB Insights has to offer

Stage

Merger | Merged

About American Insurance Association

American Insurance Association is the trade association for the property-casualty insurance industry.

American Insurance Association Headquarter Location

555 12th St NW Suite 550

Washington, DC, 20004,

United States

202-828-7100

Latest American Insurance Association News

National African American Insurance Association Charters 3 New Chapters

Dec 21, 2021

December 21, 2021 The National African American Insurance Association (NAAIA) announced the chartering of three new chapters: Arkansas, Colorado and Los Angeles. The three new chapters join these 18 existing and pending chapters: Atlanta, Boston, Chicago, Cleveland, Columbus, Dallas-Fort Worth, Detroit, Florida (Tallahassee), Hartford, Houston, Indianapolis, Kansas City, New York, Philadelphia, San Francisco, St. Louis and Washington D.C. George Woods, the immediate past NAAIA chapter development chair thanked the new chapter presidents Ivan Hudson in Arkansas, Peter Carter in Colorado and Meka Moore in Los Angeles for their work in organizing the new chapters. “These leaders, the formation teams, the local board of directors, members and supporters worked hard to realize this fantastic moment in their journeys and the National board is ecstatic to welcome all to the NAAIA family,” Woods stated. Jerald L. Tillman NAAIA has more than 1,000 members and more than 3,500 supporters. The NAAIA was founded by Jerald L. Tillman in 1997 in Cincinnati and chartered as a 501(c)(6). NAAIA’s mission is to increase the numbers of African Americans employed in the insurance industry at all levels and across all disciplines and within all business sectors. According to 2016 data from the Bureau of Labor Statistics, African-Americans make up 11.9% of the country’s total workforce and 11.1% of the insurance workforce. Blacks fare a bit better in the claims area—15.1% of adjusters are African-American— but a bit worse in underwriting— 9.6% of underwriters are African-American. According to a 2018 study from the Independent Insurance Agents and Brokers of America, only 4% of all independent agencies had an African-American principal or senior manager— compared to the 88% with white agency leadership. In September of 2018, global insurance broker Marsh published a research report, “ Journey of African-American Insurance Professionals, ” based on surveys, interviews and focus groups that included NAAIA members. Participants ranked the key barriers to entry into the insurance business by African-Americans as: lack of exposure to the industry; lack of networks; lack of experience; racial bias; lack of educational preparation and gender bias. Race would often be a factor in hirings, promotions and new assignments, as well as in whether they were included in key meetings, social events or opportunities with customers, according to those surveyed. Was this article valuable?

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.