SANTA ANA PUEBLO, New Mexico — The organization created to provide affordable, sustainable housing insurance to Tribes is celebrating 30 years of success.
“Nowhere else in the nation can you find an insurance company [that is] created by Tribes, continues to serve Tribal interests and is 100 percent owned by Tribes,” said AMERIND CEO Derek Valdo.
More than 400 Tribes created AMERIND Risk in 1986 after pooling funding to provide insurance to Tribal housing authorities during the insurance crisis. Tribes, which compiled $18 million at the time, discovered by sharing the risk to cover claims they could keep liability costs down and provide coverage tailored to Tribal needs.
AMERIND Risk, is based on the Santa Ana Pueblo in New Mexico, has since extended its services, providing liability, property coverage, workers’ compensation and Tribal employee benefits. Each package is tailored to individual Tribes and Tribal businesses, after assessing safety, while honoring culture and tradition.
“After three decades of listening to our members and customers, ongoing refinement and delivery of sound, solid services, our expanded offerings not only cater to the needs in Indian Country but helps reinvest our dollars to help grow our Native American economy,” Valdo said, adding that AMERIND also gives back to Tribes through charitable donations, an emergency fund for uninsured homeowners, and youth scholarships. About $404,000 was reinvested in 2015, topping previous years.
“In some areas of Indian Country, Tribes have no other choice. Some conventional insurance companies won’t insure our homes in Native American communities,” Valdo added. “We will be here as long as Tribes need us. We would not exist without the continued loyalty and trust of our Members and customers.”
During the convention, the organization will announce the winners of the student poster contest. AMERIND hosts the national annual contest to help educate children and their families living in tribal housing about fire prevention and safety issues to help protect families from injury and loss, in addition, cut down on related claims. Three winners receive $1000.00 each.
About AMERIND Risk
AMERIND Risk was founded 30 years ago by more than 400 Tribes who united and pooled their resources to create AMERIND Risk to keep money within Indian Country. AMERIND Risk provides employee benefits, and property, liability and workers compensation insurance for Tribes, Tribal governments, Tribal businesses and individual property coverage. It is the only 100% Tribally-owned and operated insurance solutions provider in Indian Country. To learn more about Tribes Protecting Tribes or for an insurance quote, go to AMERINDRisk.org.