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- PCI Urges Congress to Pass Trans-Pacific Partnership Trade Agreement
WASHINGTON — Dave Snyder, vice president, international policy at the Property Casualty Insurers Association of America (PCI) issued the following statement on the Trans-Pacific Partnership (TPP) trade agreement.
“PCI urges Congress to take up and pass the Trans-Pacific Partnership Trade Agreement. Ambitious trade agreements establish the long term certainty needed by insurers to invest in foreign markets.” said Snyder. “Trade agreements that open markets to U.S. insurers and reinsurers provide mutual benefits of increasing revenues and employment here and help create a culture of risk identification, risk based pricing, and risk prevention in the host countries. With increasing trade barriers being erected against our insurers and reinsurers, trade agreements such as TPP are particularly important.”
- 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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