PCI Statement on the 2016 Elections and Impact on P&C Industry

WASHINGTON — David Sampson, president and CEO of the Property Casualty Insurers Association of America (PCI) issued the following statement on the 2016 elections and impact on top property and casualty issues.

“The nation witnessed a GOP wave yesterday, as Donald Trump won the presidential election and the Republicans maintained control of both the House and the Senate. PCI looks forward to opportunities to work with the Trump administration and the new Congress to strengthen private competitive insurance markets for the benefit of consumers. PCI anticipates more opportunities to push for international insurance legislation that puts guardrails on Treasury and the Fed’s negotiations abroad. Efforts will continue to reinforce PCI’s position that HUD does not have authority to regulate insurers under its disparate impact regulation. 

“PCI will work to reinforce with the new Trump administration the vital work the p&c industry does to protect families, businesses, and communities.”

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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 $183 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, 32 percent of the commercial property and liability market and 34 percent of the private workers compensation market.

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“PCI will work to reinforce with the new Trump administration the vital work the p&c industry does to protect families, businesses, and communities.
David Sampson