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- PCI Urges the House to Pass Legislation to Reauthorize the Terrorism Risk Insurance Act
WASHINGTON – Nat Wienecke, senior vice president, federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement in regards to the House of Representatives’ upcoming consideration of the Terrorism Risk Insurance Program Reauthorization Act of 2015.
“PCI praises House Leadership for making TRIA a top priority this week. It is important that Congress act immediately to minimize market disruptions, maintain the availability and affordability of terrorism insurance for consumers, and protect taxpayers. We urge the House and Senate to act swiftly to pass the Terrorism Risk Insurance Program Reauthorization Act of 2015 and send the legislation to the president’s desk,” concluded Wienecke.
- 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 more than $195 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, 28 percent of the homeowners market, 33 percent of the commercial property and liability market and 35 percent of the private workers compensation market.
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