The Property Casualty Insurers Association of America (PCI) elected new officers to its board of governors during its annual meeting this week in Scottsdale.
Terrence W. Cavanaugh, president and CEO of Erie Insurance Group, was elected as PCI’s chair; Jim Wallace, chairman, president and CEO of GuideOne Insurance, was elected first vice chair; and John Barbagallo, president, Commercial Lines Group of Progressive Insurance Group, was elected second vice chair.
Cavanaugh joined Erie in 2008 after a 33-year career with the Chubb Group. He began his insurance carrier as an underwriter in 1975. In addition to PCI, he is on the board of the American Institute for CPCU and Insurance Institute of America.
Wallace joined GuideOne Insurance in 2001. Previously, he was the president and CEO of National Travelers Life Co. and, prior to that, partner in charge of insurance services for the eastern half of the U.S. for Ernst & Young.
Barbagallo joined Progressive in 1983 as a claims adjuster. His career at Progressive spans 28 years and includes management positions in claims, sales, operations, and marketing.
PCI is composed of more than 1,000 member P/C insurance companies that write $195 billion in annual premium, or 39 percent of the nation’s property casualty insurance. Member companies write 46 percent of the U.S. automobile insurance market, 32 percent of the homeowners market, 37 percent of the commercial property and liability market, and 41 percent of the private workers’ compensation market.