A new administration and a new Congress present both challenges and opportunities for home, auto and business insurers as they work to promote a private and competitive marketplace—that best serves insurance policyholders.
Executive Summary
PCI President and CEO David Sampson shares the insurer association's pro-consumer agenda for 2017, which includes ending federal encroachment on state insurance regulation, tax reform, reauthorization of NFIP and working to make our roads safer.Regulation
PCI’s top Dodd-Frank Act priority is to end federal encroachment on the proven and effective system of state insurance regulation. The business of insurance differs significantly from that of banking, and insurers already are subject to strict state regulation to guarantee their solvency and protect consumers. PCI supports efforts to reform the Dodd-Frank Act to prevent duplicative regulation that could unnecessarily increase costs for both insurers and their consumers.
