Property Casualty Insurers Association of America (PCI) News

Florida Insurers Place All Options on Table to Address AOB Abuse

Florida’s home insurers hope the public doesn’t blame them as they implement rate increases, initiate coverage changes and nonrenew policies. They say they have no choice after the Florida Legislature for the fifth year in a row failed to address …

PCI Adds Former Treasury, Federal Insurance Official Ledoux to Policy Team

The Property Casualty Insurers Association of America (PCI) said Chris Ledoux, who has served as an advisor on insurance issues for the Treasury Department and the Federal Deposit Insurance Corp. (FDIC) and worked to establish the Federal Insurance Office (FIO), …

Alabama Workers’ Compensation Act to Remain in Place, For Now

Alabama’s workers’ compensation law, ruled unconstitutional by a county judge last week, will remain in effect for the immediate future. The Alabama judge who on May 8 declared the state’s workers’ compensation act unconstitutional has issued an indefinite stay to …

Florida Battle for Ridesharing Regulations Nears End of Long Road

After a four-year battle in the Florida Legislature, lawmakers on Wednesday passed statewide regulations for ridesharing companies like Uber and Lyft that would undo a patchwork of local rules across the state. “Florida’s patchwork of ridesharing regulations is finally history,” …

Progressive’s Barbagallo Elected Chair of PCI

The Property Casualty Insurers Association of America (PCI) elected new officers to its board of governors this week during the association’s annual meeting. John Barbagallo, commercial lines group president, Progressive Insurance Group, was elected PCI’s chair; Kurt Bock, CEO, Country …

Oklahoma Supreme Court Rules Workers’ Comp Opt-Out Unconstitutional

The Oklahoma Supreme Court handed a major setback to proponents of workers’ compensation alternatives on Sept. 13, ruling that the state’s Opt Out Act is unconstitutional. The high court’s 7-2 ruling came in Vasquez v. Dillards, which was appealed to …

Rideshare Insurance Bill Signed by South Dakota Governor

Legislation addressing insurance gaps for commercial rideshare drivers has been signed by South Dakota Gov. Dennis Daugaard, the Property Casualty Insurers Association of America (PCI) reported. House Bill 1091 was approved by the South Dakota Legislature March 10, 2016. PCI …

Cyber Attacks, Terrorism Are Top Emerging Risks for 2015: Guy Carpenter

Cyber attacks and terrorism are ranked among the top emerging risks concerning the (re)insurance industry in the year ahead, according to a survey released by Guy Carpenter & Co. According to the findings, new products, expansion into new geographic markets …

Pageler Named Chair of National Insurer Group’s Fraud Committee

Ranney Pageler, vice president of fraud investigations at Employers Insurance, has been named chair of the Property Casualty Insurers Association of America (PCI) Fraud Committee. Pageler, who is based in Austin, Texas, will serve a two-year term in this role. …

PCI Backs Ride Sharing Rules in Columbus, Wants Chicago to Wait

A property/casualty insurance trade group is supporting proposed ride sharing regulations in Columbus, Ohio, but is urging the city council in Chicago, Ill., to delay action on proposed rules in that city. The Property Casualty Insurers Association of America (PCI) …