No Government Handouts
“Property/casualty insurers have not asked for government handouts, and our industry is stable and continuing to provide critical services to local economies and their communities.”
—J. Douglas Robinson, chairman and chief executive officer of Utica, N.Y.-based Utica National Insurance Group. Robinson, representing members of the Property Casualty Insurers Association of America (PCI), testified before the House Small Business Committee and urged lawmakers not to increase regulation on home, auto and business insurers. Robinson said these types of insurers are predominantly a Main Street industry that is already stable and competitive, and that new regulations would be costly to consumers. He said these insurers are in good financial shape and are already under “strong and effective solvency and consumer protection regulation” at the state level.
Topics Legislation
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