PCI Statement on Transportation’s Federal Automated Vehicles Policy

WASHINGTON – The Property Casualty Insurers Association of America (PCI) issued the following statement on the U.S. Department of Transportation’s “Federal Automated Vehicles Policy.” The following statement can be attributed to Bob Passmore, PCI’s assistant vice president, personal lines policy.

“This guidance is a positive step to protect public safety and encourage innovation,” said Passmore. “PCI commends Secretary Foxx for clearly acknowledging that it’s the state’s role to regulate insurance as well as how liability for accidents is determined among the highly automated vehicle owners, operators, passengers and manufacturers. PCI will continue to review the document and work with our members to identify areas of concern and looks forward to working with policymakers on these issues in the future.”

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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.