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Darrell Greer Northern News Services Rankin Inlet (May 14/03) - Nunavut has entered the insurance biz. The Nunavut Association of Municipalities (NAM) Insurance Exchange (NAMIX) is the first of its kind in the territory. The NAMIX was born on April 1 and can cover $2 million in property losses. The project was officially announced this past week at the NAM's AGM in Cambridge Bay.