American Property Casualty Insurance Association
  • Staff Contact: Eileen Gilligan     
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  • July 10, 2018
  • PCI Applauds Bipartisan House Support for International Insurance Standards Act
  • WASHINGTON — Nat Wienecke, senior vice president of federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement applauding the overwhelming bipartisan House passage of H.R. 4537, the International Insurance Standards Act. The legislation passed the House by a voice vote.

    “PCI applauds House members on both sides of the aisle for supporting the International Insurance Standards Act,” said Wienecke. “This important bipartisan legislation reinforces the primacy of the state regulation of insurance. H.R. 4537 also ensures international insurance agreements recognize our standards as they evolve to meet new challenges.

    “This bill also recognizes the appropriate role of state insurance regulators in developing international insurance standards and provides that Congress receives appropriate notice to exercise its oversight over such negotiations.”

    “PCI calls on the Senate to take up and pass this bill and send final legislation to the president’s desk.”

  • 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 $220 billion in annual premium, 37 percent of the nation's property casualty insurance. Member companies write 44 percent of the U.S. automobile insurance market, 30 percent of the homeowners market, 35 percent of the commercial property and liability market and 37 percent of the private workers compensation market.
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