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- PCI Applauds House Financial Services Committee for Passing the Flood Insurance Market Parity and Modernization Act
WASHINGTON - Nat Wienecke, the Property Casualty Insurers Association of America’s (PCI) senior vice president, federal government relations, issued the following statement today applauding the House Financial Services Committee for passing H.R. 2901, “The Flood Insurance Market Parity and Modernization Act.”
“PCI applauds the House Financial Services Committee for passing the Flood Insurance Market Parity and Modernization Act,” said Wienecke. “We appreciate the leadership of Chairman Hensarling, Ranking Member Waters, Subcommittee Chairman Luetkemeyer, and Subcommittee Ranking Member Cleaver and commend the committee members on both sides of the aisle for coming together on a bipartisan basis to support this common sense legislation to enhance flood insurance options for Americans who depend on flood insurance to protect their homes and businesses. PCI is grateful to Representatives Ross and Murphy for their tireless efforts and calls on the House to expeditiously pass this legislation and send the bill to the Senate.”
- 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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