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- PCI Testifies on Data Trade Barriers
WASHINGTON — Dave Snyder, vice president, policy at the Property Casualty Insurers Association of America (PCI) testified today before the International Trade Commission (ITC) on “Global Digital Trade 1: Opportunities and Key Foreign Trade Restrictions.” The following statement may be attributed to Snyder.
“Access to, and use of, data are fundamental necessities for providing insurance and reinsurance coverage,” said Snyder. “This coverage in turn supports other sectors in the economy and provides significant social benefits. Nonetheless, we are witnessing an alarming growth of protectionism masquerading as good public policy. We need to remain vigilant to prevent new barriers from being erected. PCI looks forward to working with U.S. ITC on these matters of critical importance to us and to the public we serve.”
PCI’s written testimony is attached.
- PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $202 billion in annual premium, 35 percent of the nation's property casualty insurance. Member companies write 42 percent of the U.S. automobile insurance market, 27 percent of the homeowners market, 33 percent of the commercial property and liability market and 34 percent of the private workers compensation market.
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