Property Casualty Insurers Association of America News

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 highly thought-of share-and-share-alike attitude considered a virtue by some has become fighting words between ridesharing companies and the insurance industry. “We try not to make it a battle,” said Robert Passmore, senior director of personal lines for the Property …

Illinois Passes Rideshare Legislation with Insurance Component

The Illinois Legislature passed legislation this session that provides for regulating transportation networking companies (TNCs) and closing insurance gaps, according to the Property Casualty Insurers Association of America (PCI). Together HB 4075 and 5331 will establish regulations on TNCs that …

U.S. Report: Climate Change Here, Deal With It

Climate change is in the here and now, according to a massive report issued on Tuesday. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for the impacts of a changing …

Insurer Groups Applaud Arizona’s Brewer For Ridesharing Veto

Arizona Gov. Jan Brewer’s veto of House Bill 2262, which would have exempted ridesharing companies from commercial insurance requirements imposed on traditional taxi and livery companies, has insurance groups singing her praise. “Gov. Brewer made the right decision today and …

California Commissioner Wants Insurance Burden on Ridesharing Companies

Transportation Network Companies like Uber, Lyft and Sidecar should bear the insurance burden when they encourage drivers to use their personal vehicles to transport passengers for a profit, according to recommendations made Wednesday from California Insurance Commissioner Dave Jones. Jones’ …

Poll’s Preemptive Strike Against Colorado Rideshare Bill

Days before a key vote in Colorado Legislature on ridesharing regulation a large insurer has come out with a poll that shows the majority of Coloradans believe rideshare companies should cover their drivers with commercial insurance. No one has so …

Online Insurance Transactions Pondered by Washington Legislature

Washington state legislators will consider modernizing how insurance transactions are conducted. House Bill 2662, authored by State Rep. Derek Stanford, D-Bothell, will enable policyholders to access their insurance policy through their insurer’s website and also receive insurance notices and documents …