PCI News

States Urge Insurers to ‘Spread the Word’ on Flood Insurance to Boost Sales

It might be time for carriers and agents to encourage their clients to buy flood coverage even if they’re not living and working inside a flood zone. Such an action is long overdue, according to insurance commissioners from Florida, South …

California Legislation Aims to Clarify Mudslide Insurance

The California Senate has approved legislation that seeks to clarify homeowners’ insurance coverage following deadly mudslides near Santa Barbara. Insurance policies generally cover damage caused by fires but not by mudslides. That creates confusion in cases like the mudslides in …

Alaska Law on Credit-Based Scoring Backed by Insurers Group

A new credit-based scoring law brings Alaska into line with the rest of the nation, and the Property Casualty Insurers Association of America is applauding the state for that. Alaska Gov. Bill Walker and the Alaska Legislature approved HB 195, …

PCI Responds to California Commissioner’s Statements on Federal Tax Reform

The Property Casualty Insurers Association of America is taking issue with a statement from California Insurance Commissioner Dave Jones calling for rate reviews following the federal tax legislation passed by Congress. Jones said Monday he wants insurers in his state …

Association of California Insurance Companies Now PCI Western Region Office

The Association of California Insurance Companies will officially be known as the Property Casualty Insurers Association of America’s Western Region office. The name change is the final step of the 2012 merger of ACIC and PCI. ACIC was created in …

States Getting More Active on Autonomous Vehicle Rules, Says PCI Director

Thinking about the rules of the road for a time when autonomous vehicles dominate the landscape is probably like envisioning a horseless carriage on the plains of the Old West. But that won’t stop Bob Passmore, senior director of personal …

Florida Fails to Pass Workers’ Compensation Reform

Florida businesses shouldn’t expect relief for workers’ compensation rates, this year at least. The Florida Legislature failed to pass legislation this session addressing 2016 decisions by the Florida Supreme Court that sent the state’s workers’ comp system into disarray and …

Florida Workers’ Comp Reform Battle Far From Over

Several bills addressing changes to Florida’s workers’ compensation system were filed this legislative session in response to court decisions from the state’s high court in 2016, but it remains to be seen which, if any, will make it through. So …

Top Florida Stories of 2016: Workers’ Comp Market in Turmoil

It’s been a tumultuous year for the Florida insurance industry. It would seem the biggest story would be the end of Florida’s hurricane drought as the state got hit by not one, but two hurricanes this year, the first hurricanes …

NAIC Drafts Changes for NFIP, Encourages Long-Term Reauthorization

The National Association of Insurance Commissioners (NAIC) has released its recommendations for changes to the National Flood Insurance Program (NFIP) when it goes up before Congress for reauthorization next year. The current NFIP is due to expire on Sept. 30, …