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

Brooke Kelley-Hunt

Phone:

847-553-3671

Email:

brooke.kelley-hunt@pciaa.net

 

 

FOR RELEASE ON RECEIPT

March 4, 2014

PCI’s Sampson To Speak at A.M. Best Conference

CHICAGO– David A. Sampson, president and CEO of the Property Casualty Insurers Association of America (PCI), will offer the industry’s perspectives on a wide range of issues Tuesday, March 4th at the A.M. Best 21st Annual Insurance Ratings Conference in Orlando, Fla.

Sampson will participate in a panel discussion with Frank Nutter, President, Reinsurance Association of America, and James Donelon, Commissioner of Insurance, Louisiana Department of Insurance. Evolving international regulations, the recommendations in a recent report by the Federal Insurance Office, and pending action on national flood and insurance programs will be discussed.

“David Sampson is honored to be invited to speak during such a crucial time for property casualty insurers’, said Marguerite Tortorello, PCI’s senior vice president, public affairs. “With imminent and emerging threats at the state, federal and international levels we look forward to the robust and informative exchange of views with these distinguished leaders in the insurance marketplace. We at PCI welcome the opportunity to contribute to A.M. Best’s ongoing efforts to promote an informed debate on issues impacting the insurance industry.”

Key Issues Sampson Plans to Address:

• Stemming Global Regulatory Convergence and momentum for bank-centric standards that are inappropriate for the U.S. insurance market

• Ensuring federal involvement is aimed at harmonizing and not duplicating state policies

• Clarifying Dodd-Frank Act provisions on capital standards with regard to non-bank companies

• Working with states to reinforce product certainty in the aftermath of major storms

• Timely and long-term reauthorization of TRIA in its current structure

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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