Property Casualty Insurers Association of America News

Updated: Florida Supreme Court Declines Jurisdiction in Challenge to Workers’ Comp System

The Florida Supreme Court has ruled that it does not have jurisdiction in a case brought by an injured nurse that challenged the constitutionality of the entire Florida Workers’ Compensation system. In the case of Stahl v. Hialeah Hospital, the …

California Commissioner Explains Call for Insurer Divestment from Coal

One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan. 25 when he asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal …

Florida High Court Set to Hear Constitutional Challenge to Workers’ Comp System

The Florida Supreme Court will hear yet another case challenging the constitutionality of the state’s workers’ comp system on April 16, 2016. The case, Daniel Stahl v. Hialeah Hospital, et al., has been making its way through the state courts …

Insurer Group: Most Midwesterners not Prepared for Natural Disasters

With more severe thunderstorms and possibly tornadoes in the forecast for portions of the central U.S. today, the Property Casualty Insurers Association of America (PCI) says a recent survey conducted by Harris Poll on behalf of PCI shows that residents in …

P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months

The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall profitability took a noticeable dip. As well the annualized rate …

PCI Names Segura Regional Manager for Midwest States

The Property Casualty Insurers Association of America has named Hilary Segura to its state government relations team. Segura will take over regional staff duties overseeing states in the Midwest and the Southeast. Previously, Segura worked for Illinois Gov. Patrick Quinn’s …

PCI Elects Erie’s Cavanaugh As Chair

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 …

Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’

A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the report as a negative take on the industry’s ability to adapt and not reflective of …

Montana and Arizona Lone States Without Texting Laws, but Does it Matter?

Arizona and Montana stand out as the only states without some form of texting and driving law, but some studies show there’s no evidence that laws intended to curb cellphone use behind the wheel reduce crashes. Fourty-four other states plus Washington, …

Uber, Lyft, Sidecar Toe-to-Toe With Insurers State-by-State

The share-and-share-alike attitude considered a virtue by some has the potential to  create a rift between between ridesharing companies and insurance companies. “We try not to make it a battle,” said Robert Passmore, senior director of personal lines for the …