American Property Casualty Insurance Association
  • Staff Contact: Eileen Gilligan     
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Contact:

Eileen Gilligan

Phone:

202-639-0497

Email:

Eileen.Gilligan@pciaa.net

 

 

FOR RELEASE ON RECEIPT

July 16, 2014

PCI Urges the Senate to Support the Terrorism Risk Insurance Program Reauthorization Act of 2014

 

WASHINGTON – Nat Wienecke, senior vice president, federal government relations of the Property Casualty Insurers Association of America (PCI) issued the following statement in regards to the Senate’s upcoming consideration of S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014.

“PCI strongly supports passage of S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, and commends the Senate Committee on Banking, Housing, and Urban Affairs for unanimously passing this legislation and sending it to the full Senate for a vote,” said Wienecke. “TRIA is a critical part of the fabric of our national response plan for terrorist attacks. Ensuring America’s economic resiliency to terrorist attacks is a solemn responsibility and we call on the members of the Senate to vote aye and move this legislation one step closer to the president’s desk.”

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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