American Property Casualty Insurance Association
  • Staff Contact: Eileen Gilligan     
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  • FOR RELEASE ON RECEIPT
  • July 22, 2015
  • PCI Applauds Senate Action on Insurance Consumer Protection Legislation
  • WASHINGTON – Nat Wienecke, senior vice president, federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement regarding the Senate vote on the FY2016 Financial Services and General Government Appropriations Bill.

    “PCI applauds the Senate for reinforcing Congress’ historic support of the consumer-centric state regulation system by including The Financial Regulatory Improvement Act of 2015 in the FY2016 Financial Services and General Government Appropriations Act. The Financial Regulatory Improvement Act of 2015 includes a number of important bipartisan insurance consumer protections including the International Insurance Capital Standards Accountability Act of 2015 and the Policyholder Protection Act of 2015. PCI commends the leadership of Senator John Boozman and Senator Richard Shelby for moving this critical legislation forward.”

    PCI members met with lawmakers regarding these bills during PCI’s Legislative Action Day in May. PCI is continuing the discussion by sponsoring an event next week entitled “Does One Size Fit All? A Policy Discussion on Insurance, Regulation, and the U.S. Economy.”

  • PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write more than $195 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 28 percent of the homeowners market, 33 percent of the commercial property and liability market and 35 percent of the private workers compensation market.
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