Property Casualty Insurers Association of America Property Casualty Insurers Association of America
  • Staff Contact: Eileen Gilligan     
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  • FOR RELEASE ON RECEIPT
  • September 25, 2017
  • PCI Encourages House Passage of FAA Reauthorization Package
  • WASHINGTON — Nat Wienecke, senior vice president, federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement supporting the “Disaster Tax Relief and Airport and Airway Extension Act of 2017.” This package includes bipartisan, clarifying language, introduced by Representatives Dennis Ross (R-FL) and Kathy Castor (D-FL), to increase acceptance of private flood insurance products.

    “PCI strongly supports inclusion of the bipartisan Ross-Castor language in the “Disaster Tax Relief and Airport and Airway Extension Act of 2017” that allows consumers the choice of government or private flood insurance coverage. This bipartisan fix clarifies what is already in federal law and increases flood insurance options so that consumers could have the necessary flood coverage to protect their homes, communities, and businesses. PCI calls on the House to pass this important legislation.”

    The Ross-Castor language passed the House last year by a vote of 419-0, and it was ordered reported out of the House Financial House Services Committee in June by a vote of 58-0.

    PCI’s letter of support 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 $216 billion in annual premium, 36 percent of the nation's property casualty insurance. Member companies write 43 percent of the U.S. automobile insurance market, 29 percent of the homeowners market, 34 percent of the commercial property and liability market and 36 percent of the private workers compensation market.
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