Nick Steffey Receives Award

Pictured left to right: Richard Poppa, President and CEO of IIABNY; Nick Steffey, Chairman and Founder of Narragansett Bay Insurance Company; and Tom Crowley, Chairman of IIABNY.

Nick Steffey, Chairman and Founder of Narragansett Bay Insurance Company (NBIC), one of the region’s leading providers of homeowners’ insurance, has been recognized by the Independent Insurance Agents & Brokers of New York (IIABNY) with the Thom McDaniel Exemplar Award.  This recognition was celebrated at a reception in New York on May 9th.

The Thom McDaniel Exemplar Award was created to honor the memory of Thom McDaniel, President of Adirondack Insurance, and is presented as a reflection of an individual’s dedication and unwavering support of the Independent Agency System.  Thom was a tireless advocate for the independent agent community, and his partnership with NBIC assisted coastal homeowners throughout New York.

When presenting the award to Steffey, Thomas Crowley, Chairman of the Board of Directors of the IIABNY, said, “We are here tonight to honor a company executive who exemplifies the way in which companies should work with agents.  He works together with agents to find solutions to problems, such as capacity for coastal properties.  He is the Chairman and Founder of Narragansett Bay Insurance Company, which performed extremely well during Superstorm Sandy … it is my honor to present the Thom McDaniel Exemplar Award to Nick Steffey.”

Nick Steffey was humbled and truly honored to accept the award on behalf of the tremendous work performed within the New York agent community by NBIC: “The IIABNY is one of the best managed agents associations in the country, and I cannot be more pleased to accept this award in the name of my friend, Thom McDaniel.  At NBIC, we partner with agents throughout the Northeast to find practical, affordable insurance solutions for homeowners, and I thank the association for recognizing our dedication.”

About Narragansett Bay Insurance Company (NBIC)

NBIC LogoNarragansett Bay Insurance Company, headquartered in Rhode Island, offers specialty insurance services and products to homeowners through an extensive network of independent agents along the eastern seaboard, and actively seeks to insure coastal homeowners.  Backed by highly rated reinsurers, NBIC has undergone a rigorous examination of its financial security and has received an “A, Exceptional” Financial Stability Rating (FSR) from Demotech, Inc., an independent financial analysis and actuarial services firm for property and casualty insurers. 
To find more information on NBIC, visit

For more information contact John Houle at 401.831.6123 or