PCI Association News
Insurers urge Georgia, Carolinas residents to take precautions
PCI SmartBrief | Sep 05, 2008
PCI encourages residents in Georgia and the Carolinas to take precautionary measures as forecasters are predicting that Tropical Storm Hanna could make landfall this weekend. As the southeastern states brace for Hanna, property owners should be sure to take basic precautions to protect families and homes," said David Sampson, president and CEO of PCI. Click here to read PCI's news release.
PCI offers post-Gustav insurance recovery tips
PCI SmartBrief | Sep 05, 2008
To help those affected by Hurricane Gustav, PCI is offering several helpful recovery tips. "Helping residents begin the recovery process as quickly as possible is the insurance industry's highest priority," said David Sampson, CEO and president of PCI. "We encourage residents to report claims to their insurer as soon as it is safe to return to their homes and businesses and assess the damage." See the Sept. 3 PCI new release for a complete list of recovery tips.
Mark your calendars for PCI's 2009 Executive Roundtable Seminar
PCI SmartBrief | Aug 28, 2008
Plan now to attend the 2009 PCI Executive Roundtable Seminar, Jan. 25-27 at the Four Seasons Resort Aviara, Carlsbad, Calif. More than 200 property casualty insurance CEOs and executive officers from across the country are expected to participate in this informative one and one-half day members-only seminar. For more information, visit the seminar's Web site.
Storm Safety: Blowing Away the Myths
PCI SmartBrief | Aug 27, 2008
This week, PCI continues its public education campaign on the importance of mitigation, which focuses on awareness and how-to steps for Floridians to strengthen and harden their homes in preparation for a hurricane or high wind event. "Taking Storm-Proofing Into Your Own Hands: Blowing Away the Myths," is the fifth brochure in the "Storm Safety: 6 Steps in 6 Weeks" series.
Rooms still open for PCI Information Technology Conference
PCI SmartBrief | Aug 27, 2008
The Caesars Palace Las Vegas Hotel and Casino is the site for this year's PCI Information Technology Conference Oct. 5-8. To ensure proper hotel accommodations, reservations must be made before Sept. 1. After this date, hotel reservations are subject to availability and may be at a higher rate. So, register and make your hotel reservations now! Don't miss this opportunity to meet with top property casualty IT executives and industry experts. For complete details on the program, visit the conference Web site.
Registration still open for PCI's 2008 Annual Meeting
PCI SmartBrief | Aug 26, 2008
The most important property casualty industry event of the year is taking place Oct. 26-29 at the Westin Kierland Resort & Spa in Scottsdale, Ariz. More than 900 of the most prominent members of the property casualty industry have already registered for the PCI Annual Meeting, which is expected to draw more than 1,500 attendees. For all the latest program and registration information, visit the PCI Annual Meeting Web site.
PCI urges Floridians to use Fay as checklist for future storms
PCI SmartBrief | Aug 26, 2008
PCI urges Floridians to learn from Tropical Storm Fay, the first named storm to seriously affect Florida since 2005, and to evaluate their hurricane preparedness checklist and family plan as the hurricane season does not end until Nov. 30. "We are all grateful that Florida was spared from more severe hurricane force winds when Tropical Storm Fay made landfall last week," said Dr. David Sampson, president and CEO of PCI. "Many Floridians are now recovering, and insurers are devoted to helping those families who are cleaning up after flood waters and high winds plagued their communities." To read more, see the Aug. 25 PCI new release.
Insurers prepare to help Florida families
PCI SmartBrief | Aug 25, 2008
Many Florida homeowners are facing the overwhelming task of returning to damaged homes following Tropical Storm Fay. While it will not be easy, there is much that can be done to make the recovery process smoother and to minimize further damage to property, according to PCI. Insurance companies are ready to help policyholders in Florida, and some have sent in additional staff to support their local claims staff. To read more, see the Aug. 21 PCI news release.
Michigan court ruling could increase insurance premiums
PCI SmartBrief | Aug 25, 2008
A recent Michigan Court of Appeals ruling to prohibit the use of credit-based insurance scoring could increase insurance premiums and have a negative effect on consumers. PCI strongly disagrees with the decision in the Insurance Institute of Michigan et al v. Office of Financial and Insurance Services (OFIS) case and will support the industry's appeal of the ruling to the state's Supreme Court. To read more, see the Aug. 22 PCI news release.
Insurers urge caution as Fay pounds Southeast
PCI SmartBrief | Aug 21, 2008
As forecasters continue to track Tropical Storm Fay, PCI is encouraging residents to take additional precautionary measures. "Residents and visitors are encouraged to follow the advice of local officials, and anyone who may be ordered to evacuate should be prepared to report claims to their insurer as soon as it is safe to return to their homes and businesses and assess the damage," said William Stander, assistant vice president and regional manager for PCI. "Insurers will be ready to respond, as soon as it is safe, with catastrophe teams at the scene." Click here to read PCI's press release.
Registration opens for PCI Legislative Planning Conference
PCI SmartBrief | Aug 20, 2008
Register now for the 5th Annual PCI Legislative Planning Conference, Oct. 12-15 at the Westin Michigan Avenue Chicago. Join fellow PCI member company officials, PCI advocacy staff and industry speakers in developing legislative agendas for upcoming state and federal legislative sessions. It's an excellent opportunity to discuss legislative and regulatory issues affecting the property casualty insurance industry. For all the latest information and to register online for this PCI members-only conference, visit the PCI Legislative Planning Conference Web site.
PCI voices disappointment with Rhode Island court ruling
PCI SmartBrief | Aug 19, 2008
PCI expressed its disappointment last week with a ruling by a Rhode Island Superior Court judge that would require every insurance carrier authorized to sell motor vehicle liability insurance in the state to conduct a labor rate survey and use this information as the sole determinant of the prevailing auto body repair labor rate. The case, Auto Body Association of Rhode Island (ABARI) vs. State of Rhode Island Department of Business Regulation (DBR), stems from the department's interpretation of Rhode Island law that the labor rate survey is not the sole determinant of the prevailing labor rate. For further information, read the Aug. 14 PCI news release.
Iowa Insurance Division rescinds rebate bulletin
PCI SmartBrief | Aug 19, 2008
PCI is pleased by the Iowa Insurance Division's decision to rescind Rebate Bulletin 08-11, which would have encouraged the introduction of unnecessary legislation prohibiting insurers from offering any goods or services not specifically incorporated in the policy. PCI delivered an all-industry letter and joined a number of industry members at a public hearing on Aug. 15 to voice concerns about the bulletin being overly restrictive. Insurance Commissioner Susan Voss announced she will rescind the rebate bulletin and begin to prepare a subsequent bulletin, which is expected by Aug. 29. To read more, see the Aug. 18 PCI news release.
Storm Safety: A Guide to Insurance Coverage
PCI SmartBrief | Aug 14, 2008
This week, PCI continues its public education campaign on the importance of mitigation, which focuses on awareness and how-to steps for Floridians to strengthen and harden their homes in preparation for a hurricane or high wind event. This week's brochure, "Taking Storm-Proofing Into Your own Hands: A Guide to Insurance Coverage," is the fourth brochure in the "Storm Safety: 6 Steps in 6 Weeks" series.
PCI Cautions Higher Gas Prices May Not Lead to Lower Insurance Claims
PCI SmartBrief | Aug 14, 2008
Based on a new paper released by PCI, public policymakers should be cautious in isolating one factor such as the number of miles driven and then concluding auto insurance premiums should be reduced. "While there is solid evidence the high price of gas has reduced the number of miles driven, it would be a mistake to assume this means there will be lower insurance claims reporting and as a result, lower insurance premiums for consumers," said Paul Magaril, regional manager and counsel for PCI. Click here to read PCI's news release.
PCI's Investment Seminar to Feature Two Highly Acclaimed Speakers
PCI SmartBrief | Aug 13, 2008
The PCI Investment Seminar, Sept. 7 to 10 at the Sheraton Austin in Austin, Texas, will feature two highly acclaimed speakers: Dr. Arthur B. Laffer, founder and CEO of Laffer Associates, an economic research and consulting firm that provides global investment-research services to institutional asset managers, pension funds, financial institutions and corporations; and Christopher Low, an expert on the U.S. economy. To learn more about their presentations and for registration information, visit the seminar's Web site.
PCI Seeks To Help Find Rebate Resolution In Iowa
PCI SmartBrief | Aug 12, 2008
Iowa's law on insurance rebates is clear and PCI is urging Insurance Commissioner Susan Voss to work with the industry to find an appropriate resolution to the concerns regarding this issue without legislative intervention. Insurance rebates have become the topic of much discussion in Iowa following Bulletin 08-2008, which prohibited all carriers and insurance producers licensed and doing business in Iowa from offering any form of a good or service not specifically incorporated into the policy. PCI will be meeting with the commissioner and other interested parties on Aug. 15 to help resolve this issue. Click here to read PCI's press release.
Don Tennant to Keynote PCI's 2008 Information Technology Conference
PCI SmartBrief | Aug 11, 2008
On Oct. 5 to 8, top property casualty IT executives and industry experts will gather at Caesars Palace in Las Vegas for the 2008 PCI Information Technology Conference. The program begins with keynote speaker Don Tennant, vice president and editorial director of Computerworld and InfoWorld, who will offer a behind-the-scenes look at the miracles that have shaped the IT industry. Other sessions will focus on areas of ongoing concern including: Delivering Business Value through IT, CEO Expectations, Security, Green IT and Open Source. Past attendees rated this conference highly for the venue and networking opportunities. It is the one conference they don't want to miss! The complete program agenda is available on the conference Web site, along with online registration. The registration deadline is Sept. 1. After this date, hotel reservations are subject to availability and may be at a higher rate.
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Companies in the news
- AXIS Capital Holdings Limited
- Assurant Inc
- Catlin Group Limited
- Compensation Insurance
- Endurance Specialty Holdings Ltd.
- Farmers Insurance
- Fireman's Fund Insurance Company
- General Re Corp
- Hallmark Financial Services Inc.
- Loews Corp
- National Insurance
- Norwich Union
- Odyssey Re Holdings Corp
- State Farm Mutual Automobile Insurance Company
- Unitrin Inc