Property Casualty Insurers Association of America News

Washington Supreme Court: Insurers Liable for Illegal Acts by Agents

Washington’s State Supreme Court has affirmed that insurers are liable for illegal actions committed by their agents, a decision that will enable the state’s insurance commissioner to continue to go after bad actors and insurance companies they represent among any …

PCI Asks Governor to Sign Illinois E-Card Law

The Property Casualty Insurers Association of America has asked Illinois Gov. Pat Quinn to sign Senate Bill 1775, which would allow Illinois drivers to present electronic proof of insurance to state officials. The bill, which enables insureds to present the …

PCI: Too Early for Insurance Implications of Deadly Texas Fertilizer Blast

A fertilizer facility exploded in the small Central Texas town of West on Wednesday night, killing an estimated 15 people, injuring more than 150 and damaging dozens of homes, according to a report in the Austin American Statesman. West is …

PCI Urges Progress on U.S.-EU Trade Pact for Trans-Atlantic Insurance Market

The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the proposed U.S.-EU Trade agreement to include mutual recognition of the U.S. and EU regulatory systems. “The European Union (EU) and …

PCI Slams Oregon Bad Faith Proposals

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 …

PCI: Bill Protects Discounts for Alaska Insurance Consumers

Alaska insurance consumers will benefit if a measure under consideration is approved, according to the Property Casualty Insurers Association of America. SB 55 will clarify that discounts many insurers provide to consumers based on credit-based insurance scores can be applied …

PCI Urges Rapid Progress on Trans-Pacific Free Trade Agreement

Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI

A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net income after taxes fell to $19.1 billion in …

Idaho Governor Signs Electronic Proof of Coverage Law

Idaho became the first state in the nation on Wednesday to enact legislation to allow motorists to use a smart phone to demonstrate proof of insurance coverage. Gov. Butch Otter signed Senate Bill 1319, which enables Idaho motorists to either …

Electronic Proof of Insurance Gaining Steam in Some States

It’s possible that driving with a cell phone may be an advantage. A California legislator’s bill to enable auto insurance policyholders to issue proof of coverage verification via a mobile electronic device, such as a smartphone, is among several similar …