PCI News
Flood Insurance, Terrorism Cover, FIO Will Be on the 2019 P/C Congressional Agenda
Reform and long-term renewal of the National Flood Insurance Program will be high on the property/casualty insurance industry's agenda when the new Congress begins its work in January 2019. Congress ...
PCI Elects New Officers to Board of Governors
The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors on Oct. 29 during the association's annual meeting. Pete McPartland, chairman of the board, ...
PCI Panel: Carriers Should Encourage Flood Insurance Even Outside of a Hazard Zone
It might be time for carriers and agents to encourage their clients to buy coverage even if they're not living and working inside a flood zone. Such an action is long overdue, according to insurance ...
Net Income Doubled for P/C Insurers in the 2018 First Half
U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, ...
P/C Insurers See Trump Tariffs Spiking Costs for Auto and Home Coverage
As U.S. President Donald Trump's administration continues to slap tariffs onto all kinds of consumer products, property/casualty insurers are increasingly concerned how some of these actions will ...
Trump Tax Cuts, Lower Cat Losses Helped Make Q1 U.S. P/C Results Soar
Tax reform and lower catastrophe losses helped make all the difference for private U.S. property/casualty insurers in the 2018 first quarter. Their net income after taxes surpassed $17 billion during ...
P/C Insurance Trade Groups AIA and PCI Plan to Merge
Two leading U.S. property/casualty insurance carrier trade groups are talking about merging. The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) ...
Insurers Back Global Regulation Provision in Newly-Passed Banking Reform Bill
The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes a provision on international insurance regulation that is ...