American Property Casualty Insurance Association
  • Staff Contact: Brooke Kelley     
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Contact:

Brooke Kelley-Hunt

Phone:

847-553-3671 or 847-894-3881

Email:

Brooke.kelley-hunt@pciaa.net

 

 

FOR RELEASE ON RECEIPT

January 15, 2014

PCI Elects New Member to the Board of Governors

CHICAGO-The Property Casualty Insurers Association of America (PCI) has elected Duff Wallace, president and chief executive officer of Southern Farm Bureau Casualty Insurance Company, to the Board of Governors.

“Duff Wallace’s broad and deep knowledge of the property casualty insurance industry and finance will be invaluable to PCI and our member companies at a pivotal time,” said David A. Sampson, PCI’s president and CEO. “The leadership and skill he has demonstrated over the last 30 years with the Southern Farm Bureau family will strengthen PCI’s success in anticipating and addressing the many challenges insurers face in the shifting regulatory, legislative, and legal landscapes.”

PCI’s New Board Member:

Duff Wallace

Effective January 2014, Duff Wallace assumed the responsibilities of President/CEO of Southern Farm Bureau Casualty Insurance Company.  Although new to this position, Mr. Wallace has spent his entire 30 year career with the Southern Farm Bureau family.

After graduating from LSU with a degree in accounting, he was hired by Louisiana Farm Bureau Mutual Insurance Company as a Staff Accountant in January of 1984.  While in that position he obtained his CPA and was promoted to Senior Accountant.

In 1990 the Farm Bureau Mutual Insurance Company of Arkansas, Inc. selected him as the Accounting Manager.  He served in that capacity until 1998 when he was then appointed Vice President – General Manager of the insurance operations for the state of Arkansas. In May 2013 he was chosen as the President/CEO Elect of Southern Farm Bureau Casualty Insurance Company and assumed full responsibilities effective January 2014. Before moving to Mississippi, Mr. Wallace served on the Board of Directors of the Brandon Burlsworth Foundation, Camp Aldersgate, Arkansas State Chamber of Commerce and was a member of the Rotary Club of Little Rock Midtown.

PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write over $195 billion in annual premium, 39 percent of the nation’s property casualty insurance. Member companies write 46 percent of the U.S. automobile insurance market, 32 percent of the homeowners market, 37 percent of the commercial property and liability market, and 41 percent of the private workers compensation market.

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