InsurPac, the Big “I” political action committee (PAC) and one of the largest small business PACs in the country, raised $1,318,024 during the 2023 calendar year.
InsurPac, the Big “I" political action committee (PAC), raised $1,318,024 during the 2023 calendar year. A total of 3,501 donors invested an average of $376 per person.
Last year, 443 “major donors" gave $1,000 or more, 48 of those stepped up with investments of more than $2,500, and a record 40 invested the maximum amount of $5,000.
Leading the charge was South Carolina, who defended their title of InsurPac National Champions by raising $126,865. Rounding out the top five in total dollars raised were Illinois ($79,823), Massachusetts ($60,700), Texas ($58,845) and Georgia ($58,381). Overall, a total of 39 states achieved their InsurPac goal.
A similar story played out in the race for the Big “I" Presidents Cup, given annually to the state whose past and current state presidents or chairs contribute the most money to InsurPac. South Carolina reclaimed the cup, raising a total of $34,650.
During the fundraising campaign, a record 19 states became InsurPac Eagle states by contributing an average of $100 or more per agency member. South Carolina led the charge by averaging approximately $417 per agency. Other states to achieve Eagle status were Alabama, Arkansas, Connecticut, Georgia, Idaho, Kansas, Kentucky, Louisiana, Maine, Maryland, Montana, Nebraska, Nevada, New Hampshire, North Dakota, South Dakota, Tennessee and Wyoming.
Young agents across the country contributed a total of $221,857. South Carolina completed the “Triple Crown" by repeating as National Champions with a total of $37,654 from young agents. Georgia finished second with a total of $18,907. Thirty-five states achieved their young agent InsurPac goal.
The record fundraising total surpassed last year by approximately $49,000, which is fitting since it was InsurPac's 49th year in existence.
Investments to InsurPac spanning the last five decades have made it one of the largest small business PACs in the country and the PAC is credited with making the Big “I" one of the most well-respected advocacy associations on Capitol Hill.
Learn more at insurpac.com.
Molly Abboud, Big “I" director of political affairs.
