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- PCI Applauds TPP Ministers for Signing TPP
WASHINGTON — Dave Snyder, vice president, international policy at the Property Casualty Insurers Association of America (PCI) issued the following statement on the Trans-Pacific Partnership (TPP) Ministers’ signing of the TPP agreement. The Ministers represent Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam.
“PCI applauds the TPP Ministers for taking this important next step to finalize TPP,” said Snyder. “Increasing global commerce is good for consumers and businesses. Many aspects of the agreement will help U.S. based insurers and reinsurers enter markets, contribute to the quality of life in emerging markets, assure fair and effective regulation, and create new revenues and jobs in the U.S. PCI continues to be in engaged in the TPP congressional review process and hopes this action will move the agreement further towards ratification.”
- 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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