The Penn National Insurance Group is the newest member of the Property Casualty Insurers Association of America (PCI), the lobbying arm of the independent P/C insurance industry. Penn National is the 47th insurer to join the association since it was created in January 2004 by the merger of the National Association of Independent Insurers (NAII) and the Alliance of American Insurers.
The group operates as a regional insurance organization serving commercial and personal lines clients in the mid-Atlantic and Southeastern regions of the United States. Companies in the group distribute products primarily through independent agents and also utilize direct and affinity-marketing strategies to reach targeted consumers. In 2003 the group wrote $546 million in direct written premium, 70 percent of which was commercial business and 30 percent personal lines.
PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write $154 billion in annual premium, 38 percent of the nation’s property/casualty insurance. Member companies write 47.1 percent of the U.S. automobile insurance market, 37 percent of the homeowners market, 31.2 percent of the commercial property and liability market, and 38.8 percent of the private workers’ compensation market.
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