Property Casualty Insurers Association of America Property Casualty Insurers Association of America
  • Staff Contact: Brooke Kelley-Hunt     
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  • FOR RELEASE ON RECEIPT
  • June 26, 2017
  • PCI Welcomes and Congratulates Newly Appointed Florida CFO Jimmy Patronis
  • TALLAHASSEE, Fla.-The Property Casualty Insurers Association of America (PCI) welcomes Jimmy Patronis, a former state representative, as Florida’s new Chief Financial Officer. The following statement can be attributed to Logan McFaddin, PCI’s regional manager for state government relations.

    “PCI and our members welcome newly appointed CFO Patronis and look forward to working with him on the critical issues facing consumers and the property casualty insurance industry in Florida.

    “PCI will continue to work with CFO Patronis and the Department of Financial Services on a wide range of issues, including assignment of benefits abuse, auto safety, and maintaining a healthy workers compensation system for the Sunshine State.

    “As we start hurricane season, we encourage the new CFO to continue the important work to stop the AOB scams that continue to hurt homeowners throughout the state. AOB reform is a critical factor for reducing Floridians’ insurance costs.

    “Data shows skyrocketing litigation costs are a major problem, and we look forward to working with CFO Patronis to heighten awareness of unscrupulous third-party companies who try to convince homeowners to sign over their insurance benefits in order to proceed with repair work. We will push for legislation that protects homeowners from those looking to take advantage of them in a vulnerable situation.

    “CFO Patronis served Northwest Florida well in the House as an advocate for the business community and Florida consumers. We are eager to collaborate with the incoming CFO and look forward to his leadership.”

  • 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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