Harford Mutual Insurance Group announced a multi-year, $25,000 commitment to support the National Association of Mutual Insurance Companies (NAMIC) Mutual Insurance Foundation Scholarship Program. The program provides financial assistance to undergraduate students pursuing a wide variety of career opportunities related to the growing insurance industry. Beginning in 2020, Harford Mutual pledged to donate $5,000 per year for five years.
The NAMIC Mutual Insurance Foundation Scholarship Program was developed in 2012 and is funded through personal and corporate contributions. Individual scholarships of up to $5,000 will be awarded to qualified students, with the funds forwarded directly to the school at which the student attends in the fall of 2021. Applications are now being accepted.
The scholarship program is also generating internships across several different areas in the world of property/casualty insurance, including at Harford Mutual. “This is dramatically increasing the number of internship applicants we’re seeing at Harford Mutual, and we have been placing six to seven interns each year in divisions across the company,” said Steven D. Linkous, president and CEO of Harford Mutual Insurance Group and a NAMIC Mutual Insurance Foundation Board Member. “Internships were once targeted to underwriting and claims; now we are seeing interns in IT, actuarial, accounting, and marketing,” said Linkous.
In 2020, the NAMIC Mutual Insurance Foundation Scholarship Program awarded more than $130,000 to 33 deserving students, helping to propel their future careers as insurance industry professionals. NAMIC is the largest U.S. property/casualty insurance trade association with more than 1,400 member companies serving more than 170 million policyholders.