American Property Casualty Insurance Association
  • Staff Contact: Eileen Gilligan     
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  • FOR RELEASE ON RECEIPT
  • March 2, 2016
  • PCI Urges the House to Support H.R. 2901, The Flood Insurance Market Parity and Modernization Act
  • WASHINGTON - Nat Wienecke, the Property Casualty Insurers Association of America’s (PCI) senior vice president, federal government relations, issued the following statement today urging the House Financial Services Committee members to vote yes, in support of H.R. 2901, “The Flood Insurance Market Parity and Modernization Act” at the upcoming markup.

    “PCI urges the House Financial Services Committee members to vote yes in support of H.R. 2901, The Flood Insurance Market Parity and Modernization Act. This bipartisan common sense legislation clarifies the intent of Congress that private flood insurance should be an option available to consumers,” said Wienecke. H.R. 2901 may expand flood insurance options for consumers and bring more private sector capital into this important market segment.

    “PCI applauds Representatives Ross and Murphy for their bipartisan leadership and remains dedicated to working with House and Senate leaders to enhance flood insurance options for Americans who depend on flood insurance to protect their homes and businesses,” concluded Wienecke.

    PCI’s members include more than two-thirds of the insurers that partner with the NFIP through the Write Your Own (WYO) program to sell, service, and administer this federal program.

  • 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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