Property Casualty Insurers Association of America (PCI) News

Poll: Most Floridians Say They’re Prepared for Hurricanes, But Not Covered for Flood

Last year’s intense hurricane season has motivated most Florida residents to prepare for hurricanes that could hit the state this year, according to a recent survey by the Property Casualty Insurers Association of America (PCI). The results showed a higher …

PCI: Majority of Texans Not Prepared for Hurricane Season

A large majority of Texas residents are not taking necessary steps to protect their property this hurricane season despite the aftermath of Hurricane Harvey, according to a new poll conducted online by SurveyMonkey on behalf of the Property Casualty Insurers …

PCI: Louisiana Bills Allow Electronic Access to Insurance Information

Lawmakers in Louisiana enacted legislation this year that allows insurers to keep up with policyholder demands to conduct business electronically, according to the Property Casualty Insurers Association of America (PCI). Louisiana’s HB 370 authorizes electronic delivery of insurance coverage notices …

Survey: Houston, Dallas Worst Cities for Towing Hassles

Houston and Dallas rank number one and two on the list of U.S. cities with the most hostile towing markets for consumers, and Texas is the state most in need of pro-consumer towing reforms, according to a national towing survey …

Florida Agents March on State Capitol in Lawmaker Push to Reform AOB

Insurance agents from across Florida marched together on the state’s capitol Wednesday to deliver a message to Florida lawmakers: It’s time for assignment of benefits (AOB) reform. Carrying signs that read “STOP AOB ABUSE,” about 125 members of the Florida …

Report Shows Florida AOB Abuse Worsening as Lawmakers Consider Reforms

The 2018 Florida Legislative Session is underway, and lawmakers have wasted no time taking up legislation to address the assignment of benefits crisis plaguing the state. While they debate which reform option to back, stakeholders say the Florida Legislature must …

Florida Workers’ Comp Premiums Going Down? NCCI Files for 9.6% Decrease

Just under a year since Florida workers’ compensation rates shot up by 14.5 percent, Florida businesses may get some relief in their workers’ comp premiums. The National Council on Compensation Insurance (NCCI) has recommended to Florida regulators an overall premium …

Illinois Governor Vetoes 2nd Workers’ Comp Bill

Illinois Gov. Bruce Rauner has vetoed another workers’ compensation reform bill that was strongly opposed by the insurance industry. He has nixed HB2525, which would have required pre-approval of workers’ comp insurance rates. The legislative analysis of the bill stated …

Illinois Governor Vetoes 1 of 2 Workers’ Comp Bills Opposed by Insurers

Illinois Gov. Bruce Rauner has vetoed a workers’ compensation reform bill that has been strongly opposed by the insurance industry. Rauner on Aug. 18 vetoed HB 2622, which would have created the Illinois Employers Mutual Insurance Co. by allowing the …

Florida Insurers Place All Options on Table to Address AOB Abuse

Florida’s home insurers hope the public doesn’t blame them as they implement rate increases, initiate coverage changes and nonrenew policies. They say they have no choice after the Florida Legislature for the fifth year in a row failed to address …