State Auto Insurance Companies President, Chairman and CEO Bob Restrepo has been elected chair of the board of governors of the 1,000-member Property Casualty Insurers Association of America (PCI). The one-year term began with Restrepo’s election during this week’s PCI …
Surplus Line Association of California Executive Director Benjamin J. McKay was named to the Insurance Industry Charitable Foundation’s Western division board of directors. The IICF board is comprised of industry professionals with commitment to philanthropy. McKay joined SLA in 2012 …
The Property Casualty Insurers Association of America (PCI) has named Steve Norton as its new director, executive communications. Prior to joining PCI, Norton was the communications director for the Information Technology Foundation, an economic and technology policy think tank. Previously, …
Florida recently joined a growing list of states that allow electronic proof of insurance via smartphones for motorists at traffic stops. Among Southeastern states, Mississippi, Alabama, Georgia, Tennessee and Kentucky now also allow electronic proof of insurance.Nationally, there are now …
A handful of bills proposed in Oregon could hit consumers with nearly $200 million in cost increases and yield a rash of lawsuits, according to the Property Casualty Insurers Association of America, which is urging Oregon lawmakers to defeat several …
Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus …
The Property Casualty Insurers Association of America (PCI) has named Nathaniel F. Wienecke its senior vice president, federal government relations. Wienecke comes to PCI after three years at JPMorgan Chase & Co., where he has served as vice president for …
A severe line of thunderstorms and isolated super cells moved into the Dallas-Fort Worth-Arlington metropolitan area in the early afternoon on April 3 producing numerous tornadoes and large hail that was responsible for extensive damage throughout the region. Preliminary storm …
The International Association of Insurance Supervisors (IAIS) announced that its timetable with the Financial Stability Board (FSB) to develop a means to identify “global systemically important insurers,” or “G-SII’s” for additional regulation has been delayed. It is now looking towards …
