PCI News
PCI: Insurers Must Get ‘Reasonable’ Access to Automated Vehicle Data
The Property Casualty Insurers Association of America wants future federal rules governing driverless vehicles to guarantee insurers "reasonable" access to data from cars with automated driving ...
Industry’s First-Quarter 2017 Net Income Down 42.2 Percent
The U.S. property/casualty industry saw net income after taxes plummet 42.2 percent to $7.7 billion in first-quarter 2017 from $13.4 billion for the same period in 2016—the lowest net income since ...
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...
Washington Outlook: PCI’s Agenda for 2017
A new administration and a new Congress present both challenges and opportunities for home, auto and business insurers as they work to promote a private and competitive marketplace—that best serves ...
Higher Catastrophe Losses Push Private U.S. P/C Insurers Into the Red
For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. ...
Industry Associations Applaud Draft NFIP Reform Principles
Insurance industry associations are applauding the draft Principles for Flood Insurance Reauthorization and Reform issued by the House Financial Services Housing and Insurance Subcommittee. These ...
Property/Casualty Insurance Industry Ready to Work With Trump
Groups representing the U.S. property/casualty industry say they expect a soon-to-be President Donald Trump and Republican Congress will be receptive to their agenda in the months ahead. The Property ...
P/C Industry Warns China’s New Cybersecurity Law Could Hamper Foreign Business
China's new wide-ranging cybersecurity law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create ...