NIE Insurance (National Fire and Indemnity Exchange)

Business Insurance Since 1915
  • person
    Bob Aikin, President
  • place
    6030 Bancroft, St. Louis, MO 63109
  • contact_phone
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NIE insures thousands of dry cleaners and coin laundries in 34 states. NIE’s full legal name is National Fire and Indemnity Exchange.

NIE was founded in 1915 as the National Association of Dyers & Cleaners Inter-Insurance Exchange. As a reciprocal exchange, it has no stockholders. NIE only issues non-assessable policies.

NIE’s policyholders elect an Advisory Committee of member business owners to decide what to do with the Exchange’s profit, how the Exchange’s assets should be invested, what actuarial firm should analyze the Exchange’s loss reserves and what CPA firm should audit the Exchange’s financial statements.

 

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