The board’s position was that the industry is generally well-capitalized and managed and is continuing to provide sound and secure products to consumers. PCI believes that property-casualty insurer participation in a Treasury relief program is neither necessary nor in the best interest of property-casualty consumers.
About PCI
PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write over $194 billion in annual premium, 40.1 percent of the nation’s property/casualty insurance.