PCI News

Dry Weather, Wildfire Risk Prompts Fireworks Cancellation Across the Country

Fire danger across much of the country has prompted cancellation of July 4 fireworks displays. In northern Arizona, Prescott’s fire chief says he’s canceling the town’s Fourth of July fireworks show as much of the Southwest deals with extreme to …

PCI: Aftermarket Parts Legislation Could Impact R.I. Auto Insurance Rates

According to a newly released research brief by the Property Casualty Insurers Association of America (PCI), the negative impacts of 20 pieces of legislation promoted by the Auto Body Association of Rhode Island (ABARI) that have become law since 2003 …

Distracted Driving Awareness Month Highlights Changes Needed to Modify Habits

April is Distracted Driving Awareness Month, as designated by the National Safety Council (NSC), and auto insurers join the national campaign to remind the country that distracted driving crashes can be prevented by modifying driving habits and strengthening auto safety …

Coverage Limit Increase May Impact 600,000 Nevada Motorists’ Car Insurance Rates

About one in three Nevada motorists, or as many as 600,000 people, could face a 9 percent jump in auto insurance rates this summer when the state raises the basic required minimum levels of bodily injury and property damage coverage, …

Kentucky Senate Passes PIP Reform Legislation

Earlier this week, the Kentucky Senate passed Personal Injury Protection (PIP) reform legislation, SB 121. The law will help lower auto insurance costs via a fee schedule, fight fraud and provide consumers higher wage loss benefits, according to the Property …

P/C Insurance Industry’s 2017 Net Income Dropped 30.3% in 9 Months

The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in nine-months 2017 from $32.1 billion in nine-months 2016—a 30.3 percent decline—and its overall profitability as measured by its annualized rate of return on …

Florida Bill Potentially Repealing No Fault Insurance Advances

Florida legislators revived a bill, SB 150, that could potentially end the requirement that drivers in the state obtain $10,000 mandatory personal injury protection coverage. The bill, sponsored by Senator Tom Lee, passed its first committee of reference and will …

Business News: One Call/Broadspire, ACIC, AmWINS Group Inc.

One Call Announces New Amputee Offering With Broadspire One Call Care Management, a national provider of workers’ compensation care management services, and Broadspire, a division of Crawford & Company and global third-party administrator, announced a partnership to develop a customized …

Deadly California Wildfire Insurance Claims Top $3.3B

Property damage claims from a series of deadly October wildfires now exceed $3.3 billion, California Insurance Commissioner Dave Jones said Tuesday. The figure represents claims for homes and businesses insured by 15 companies and is more than triple the previous …

Poll: Few American Commit to Disaster Preparedness

Following hurricanes Harvey and Irma, the Property Casualty Insurers Association of America (PCI) is encouraging Americans to increase their commitment to natural disaster preparation. A poll taken prior to the storms found that fewer than one quarter of Americans have …