American Property Casualty Insurance Association
  • Staff Contact: Jeffrey Brewer     
    • Printer-Friendly Printer-Friendly PDF Export PDF Export

 

 

Contact:

Jeffrey Brewer

Phone:

847-553-3763

Email:

Jeffrey.brewer@pciaa.net

 

 

FOR RELEASE ON RECEIPT

February 4, 2014

PCI Becomes NOAA Weather Ready Ambassador; Speaks at American Meteorological Society Annual Meeting

 

CHICAGO – The Property Casualty Insurers Association of America (PCI) is the newest partner in NOAA’s Weather-Ready Nation Ambassador initiative and is making a presentation at the American Meteorological Society’s (AMS) 94th Annual Meeting today, Wednesday, February 5 in Atlanta on ways the public and private sectors can work together to improve readiness and disaster response activities.

As a partner in the Weather-Ready Nation Ambassador initiative, PCI is committed to working with NOAA and other Ambassadors to strengthen national resilience against extreme weather. PCI engages in a variety of activities to encourage individuals to prepare for severe weather and other emergencies.

“PCI is very proud to be a Weather Ready Nation Ambassador,” said Marguerite Tortorello, senior vice president Public Affairs for PCI. “Severe weather events can be life changing for individuals and communities. As a result, each year we conduct public awareness campaigns highlighting the importance of being physically as well as financially prepared for catastrophic events and emergencies.”

PCI’s presentation at the AMS Annual Meeting, “Enhancing Public-Private Partnerships to Improve Readiness and Responsiveness for Catastrophic Events,” is part of the session on Strengthening Business Resilience in Innovative Ways.

“In the aftermath of Hurricane Sandy, the tornadoes that hit the Oklahoma City area, the wildfires in Arizona and the massive flooding in Colorado, it has been evident that there is a need for increased consumer education on disaster preparedness as well as insurance and flood coverage,” said Tortorello. “Creating strong partnerships is a key step towards successfully managing the response to a catastrophic situation. Equally important is establishing effective communication lines not only among responders in the public and private sectors, but also with citizens in the affected community. The insurance industry, meteorologists, first responders and the entire disaster response enterprise are vital partners in helping to improve the nation’s readiness for severe weather and encouraging individuals to take appropriate steps to protect lives and reduce property damage.”

The insurance industry has responded extremely well to natural catastrophe events impacting policyholders. According to the Insurance Information Institute, over the last 10 years (2003-2012), insurers have paid over $258 billion in insured catastrophe losses to help rebuild communities throughout the United States. “Even with these hefty payouts, the industry is resilient and well-prepared to meet the needs of policyholders following the next natural disaster,” said Tortorello. “Through programs such as Weather Ready Nation and strengthened collaboration and communications we all can work together to ensure disaster response activities are swift, timely and comprehensive for the public.”

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.

###