American Property Casualty Insurance Association
  • Staff Contact: Eileen Gilligan     
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  • FOR RELEASE ON RECEIPT
  • December 21, 2016
  • PCI Applauds Continued Efforts to Support Resiliency and Insurability
  • WASHINGTON — Robert Gordon, senior vice president, policy development and research at the Property Casualty Insurers Association of America (PCI) issued the following statement today applauding the White House Office of Management and Budget report on “Standards and Finance to Support Community Resilience” and the collaborative and continued efforts of the public and private leaders to better identify, communicate, and reduce the costs of weather-related events.

    Natural catastrophes can happen anywhere in the country and at any time. From drought and wildfires, to tornadoes and hurricanes, to flooding and winter storms, the cost of natural disasters is rising,” said Gordon.

    “PCI and our member companies are very engaged in efforts to better understand, communicate and reduce the increasing physical and economic consequences of extreme weather and other climate-related risks,” continued Gordon. “PCI will continue to encourage insurance sector use of NOAA-generated weather and climate data. PCI also will continue to support enactment of strong codes and standards to improve and make buildings more resilient. Additionally, PCI will work to improve public awareness about mitigation and disaster preparedness and encourage public and private sector incentives to encourage individuals, businesses and communities to reduce risk,” concluded Gordon.

  • 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 $202 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, 27 percent of the homeowners market, 33 percent of the commercial property and liability market and 34 percent of the private workers compensation market.
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