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.”