Insurance lobby touts million-dollar fundraising haul

One of Washington’s prominent insurance trade groups is touting its fundraising haul ahead of the midterm elections.

The Independent Insurance Agents & Brokers of America, which is known around Washington as the Big “I,” announced Tuesday that its political action committee, InsurPac, raised a little more than $1 million in 2013.

“Surpassing the one million dollar mark in one year is an important accomplishment for InsurPac,” said Robert Rusbuldt, the trade group’s president and CEO, in a statement. “The Big ‘I’ membership prides itself on political engagement and involvement, and the continued growth of InsurPac is further evidence of this commitment.”

The million-dollar sum is more than the PAC raised during the last off-election year in 2011, when it received roughly $890,000 in contributions, according to Federal Election Commission records. Last year’s sum also beat its 2012 total, with InsurPac raising about $917,000 that year.

InsurPac gave more than $1.8 million to senators, representatives and other candidates for federal office for the 2012 election cycle. InsurPac-backed candidates won 237 victories of the 282 races it supported, according to the trade group.

“Largely due to the power of InsurPac, the Big ‘I’ continues to be one of the most well-respected business associations in Washington, D.C,” said Charles Symington, the trade group’s senior vice president of external and government affairs. “InsurPac complements our advocacy efforts and is an excellent example of our members’ political and grassroots influence.”