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.