The Property Casualty Insurers Association of America (PCI) is entering the new year intent that its voice will be heard as the future of insurance regulation is debated in the nation’s capitol.
The Des Plaines, Ill.-based trade association says it has retained Washington-based government relations firms Quinn Gillespie & Associates LLC to assist its own federal government relations team as lawmakers weigh regulatory reforms for the insurance industry.
PCI, which strenuously opposes efforts to federalize insurance regulation, also announced the creation of a special Board Committee on Financial Services Regulatory Reform, tasked which providing “input, rapid response and feedback” to Congress.
“The current economic environment is certain to bring fundamental regulatory change to the entire financial services sector,” says David Sampson, PCI’s president and CEO. “Through the steps we have taken, we have put ourselves in a strong position to help shape the future of our industry and serve the interests of our members and consumers alike. We are committed to meet the challenges that are before us and ensure a bright and prosperous future for our industry and for those who rely on us in their times of need.”
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