Paul Sanchez
AMERIND is a public entity risk pool that provides insurance for tribal governments, tribal housing authorities, tribal businesses, and individual homeowners located in the United States. It was formed in 1986 by the Red Lake Band of Chippewa Indians in response to the lack of affordable property-casualty insurance options available to publicly funded low-income tribal housing. AMERIND is the only 100% Tribally-owned insurance solutions provider in the country, with over 400 tribes uniting to keep money within Indian Country. The company offers a range of insurance products, including property, liability, commercial auto, workers' compensation, and employee benefits solutions.
| Characteristics | Values |
|---|---|
| Type | Public entity risk pool, cell captive |
| Ownership | 100% Tribally owned |
| Location | Santa Ana Pueblo, New Mexico |
| Year Established | 1986 |
| Insurance Products | Property, liability, commercial auto, workers' compensation, employee benefits, homeowner insurance |
| Number of Tribes Served | Over 400 |
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What You'll Learn
- AMERIND is a 100% Tribally-owned insurance provider
- It offers affordable insurance products to over 400 tribes
- AMERIND was formed in response to a lack of affordable property-casualty insurance options for low-income tribal housing
- It provides property, liability, commercial auto, and workers' compensation insurance
- AMERIND is based in Santa Ana Pueblo, New Mexico
AMERIND is a 100% Tribally-owned insurance provider
AMERIND was incorporated in 1986 by the Red Lake Band of Chippewa Indians, and its solutions have saved tribes millions of dollars while strengthening Native American communities and economies and elevating Tribal Sovereignty. The company offers a comprehensive line of affordable insurance products, including property, liability, commercial auto, workers' compensation, and employee benefits solutions for tribes, tribal governments, businesses, and individuals.
AMERIND was formed in response to the lack of affordable property-casualty insurance options available to publicly funded low-income tribal housing. It is a public entity risk pool designed to underwrite and provide insurance for tribal governments, tribal housing authorities, tribal businesses, and individual homeowners located in Indian Country.
The Tribal Workers Compensation (TWC) cell was formed to provide insurance coverage for employees for work-related injuries. The cell plan is an alternative to traditional workers' compensation programs, covering medical costs, loss of body parts, disability, and death. Since its creation, AMERIND has expanded its business structure by adding additional cells, including the Tribal Government and Business (TGB) cell, which provides property and liability protection to tribal governments and enterprises.
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It offers affordable insurance products to over 400 tribes
AMERIND is a public entity risk pool that provides insurance for tribal governments, tribal housing authorities, tribal businesses, and individual homeowners located in Indian Country. It is the only 100% Tribally-owned insurance solutions provider in Indian Country. Over 400 tribes united to create AMERIND Risk, pooling their resources to keep money within Indian Country.
AMERIND offers a comprehensive line of affordable insurance products. It provides property, liability, commercial auto, workers' compensation, and employee benefits solutions for tribes, tribal governments, businesses, and individuals. The Tribal Workers Compensation (TWC) cell, for instance, provides insurance coverage for employees for work-related injuries, including medical costs, loss of body parts, disability, and death.
In addition, AMERIND also offers homeowner insurance, providing affordable, sustainable, self-insurance programs, products, and services.
Incorporated in 1986 by the Red Lake Band of Chippewa Indians, AMERIND was formed in response to the lack of affordable property-casualty insurance options available to publicly funded low-income tribal housing. As of 2009, AMERIND has expanded its insurance offerings to over 430 participating member tribes.
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AMERIND was formed in response to a lack of affordable property-casualty insurance options for low-income tribal housing
AMERIND is a public entity risk pool that was formed in response to a lack of affordable property-casualty insurance options for low-income tribal housing. It is the only 100% Tribally-owned insurance carrier based in New Mexico and has been in business since 1986. Over 400 tribes united to create AMERIND Risk to keep money within Indian Country.
AMERIND provides property, liability, commercial auto, workers' compensation, and employee benefits solutions for tribes, tribal governments, businesses, and individual coverage. It offers affordable, sustainable, self-insurance programs, products, and services. The Tribal Workers Compensation (TWC) cell, for instance, provides insurance coverage for employees for work-related injuries, including medical costs, loss of body parts, disability, and death.
In 2006, AMERIND became a federally chartered Section 17 corporation under the 1934 Indian Reorganization Act through three sponsoring tribes: the Red Lake Band of Chippewa Indians, the Confederated Salish and Kootenai Tribes of the Flathead Reservation, and the Pueblo of Santa Ana. As of 2008, AMERIND provides insurance products to over 430 participating member tribes.
The company is rated AM Best A- (Excellent) and holds annual fundraising events, such as the AMERIND Golf Fundraiser.
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It provides property, liability, commercial auto, and workers' compensation insurance
AMERIND is a 100% Tribally-owned insurance carrier based in New Mexico that offers a comprehensive line of affordable insurance products. AMERIND provides property, liability, commercial auto, and workers' compensation insurance.
Property insurance offered by AMERIND typically includes personal liability coverage, which protects customers financially if they are responsible for someone else's injuries or property damage. This coverage usually applies to a variety of situations where the customer is liable for someone else's injuries or damaged property. However, it is important to note that liability insurance does not cover the customer's own injuries or property damage.
Liability insurance is also available for vehicle insurance policies, including commercial auto insurance. Commercial auto insurance covers vehicles used for business, such as cars, trucks, and vans. It provides protection for vehicle damage, driver injuries, liabilities, collisions, comprehensive coverage, and medical payments. Commercial auto policies usually offer higher coverage limits than personal policies due to the increased protection needed for business vehicles.
In addition to property and liability insurance, AMERIND offers workers' compensation insurance, which is required for businesses with a certain number of employees, typically ranging from one to five employees depending on the state. Workers' compensation insurance provides employees with medical, wage, and other benefits if they suffer a work-related injury or illness. It helps employees recover and return to their jobs, covering medical expenses and initial testing costs.
By offering property, liability, commercial auto, and workers' compensation insurance, AMERIND provides a comprehensive range of insurance products tailored to meet the diverse needs of its customers.
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AMERIND is based in Santa Ana Pueblo, New Mexico
AMERIND is a Tribally owned insurance carrier that provides a comprehensive line of affordable insurance products for the Native American community. Over 400 Tribes united to create AMERIND, ensuring that money is kept within Indian Country. The company offers property, liability, commercial auto, workers' compensation, and employee benefits solutions for Tribes, Tribal governments, businesses, and individuals.
AMERIND's headquarters are located at 502 Cedar Drive, Bernalillo, New Mexico. The company is well-positioned for profitable growth, with over 430 participating member tribes. In 2009, AMERIND expanded its insurance offerings by adopting a cell captive structure, allowing it to diversify its risk profile and better protect the assets of the original tribal housing authorities that contributed capital.
The company's cell captive structure consists of several cells, including the Indian Housing Risk Retention Pool (Risk Pool), the Tribal Workers Compensation (TWC) cell, and the Tribal Government and Business (TGB) cell. These cells enable AMERIND to segregate risks, spread administrative costs, and provide tailored insurance coverage to meet the diverse needs of the Native American community.
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Frequently asked questions
Amerind is a 100% Tribally-owned insurance carrier that offers affordable insurance products to over 400 tribes. It provides property, liability, commercial auto, workers' compensation, and employee benefits solutions.
Amerind was initially formed in response to the lack of affordable property-casualty insurance options for publicly funded low-income tribal housing. It was incorporated in 1986 by the Red Lake Band of Chippewa Indians and became a federally chartered corporation in 2006.
Amerind offers a range of insurance products, including property, liability, commercial auto, workers' compensation, and employee benefits solutions. They also provide affordable self-insurance programs for homeowners.
