Property Casualty Insurers Association of America News

Insurer Group Hammers Claim that California Prop 103 Saved Drivers Billions

The insurance industry is taking exception to a new report commemorating the 30th anniversary of one of California’s primary auto insurance laws that claims the law has saved drivers billions of dollars. The Consumer Federation of America reported on Wednesday …

San Francisco May Screen Insurers for Their Fossil Fuels Investments

The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels. The board on Tuesday voted unanimously in favor …

Vermont Adopts Credit-Based Insurance Scoring Model Law

A bill outlining various consumer protections regarding the use of credit-based insurance scores has passed the Vermont House and Senate and has been allowed to become law without the governor’s signature, effective May 28. Vermont was one of a handful …

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 …

Pennsylvania Governor Wolf Vetoes Workers’ Compensation Drug Formulary Bill

Pennsylvania Governor Tom Wolf has vetoed Senate Bill 936, which sought to amend the state’s Workers’ Compensation Act by establishing a formulary, or a list of prescription medications that could be prescribed to injured workers. “The formulary proposed in this …

California Commissioner Doing Battle with Insurers over Wildfire Bills

California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supports say will protect survivors of last year’s wildfires that struck in the fall. Jones is rallying with state Senators …

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 …

California Commissioner Issues Report on Fire Insurance Availability Issues

California Insurance Commissioner Dave Jones today released a report on the growing problem of homeowners fire insurance availability and affordability in many areas throughout the state. The report recommends changes in law that Jones believes the legislature should enact to …