The results of the presidential election will have repercussions in the property/casualty insurance industry, experts say. PCI's Tom Litjen says P/C insurers are likely to see tougher federal regulations if President Barack Obama is re-elected, while the federal government under Republican Mitt Romney would be more supportive of the state-based regulatory system. "We will aggressively work to protect state regulation and protect McCarran-Ferguson delegation of antitrust authority to the states," Litjen said.