Property Casualty Insurers Association of America

• Indiana Governor Signs Workers Comp Reform

  By Chad Hemenway, PropertyCasualty360.com  |  May 14, 2013

  The law imposes a hospital fee schedule with a maximum reimbursement rate of 200 percent of the Medicare rate for treatments and procedures to workers’ compensation claimants.

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  Florida Legislators Move Bill to Shrink Citizens Property Insurance Corp.

  By Chad Hemenway, PropertyCasualty360.com  |  May 2, 2013

  The industry is calling for Florida Gov. Rick Scott to sign SB 1770—a bill touted as yet another positive step toward stabilizing the Sunshine’s State’s property insurance market.

• Industry Backs Michigan Bill for No-Fault Auto System Reform

  By Chad Hemenway, PropertyCasualty360.com  |  May 1, 2013

  The Michigan House Insurance Committee is expected to vote on a bill May 2 to reform the state’s no-fault auto insurance system.

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  Florida Lawmakers Advancing Bills to Reform Last-Resort Insurer

  By Chad Hemenway, PropertyCasualty360.com  |  April 30, 2013

  The Florida House on April 30 passed an amended version of Senate Bill 1770 to change what properties can be underwritten by Citizens Property Insurance Corp.

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  Industry Underwriting Results Improve; 2012 Net Income Up 72.3%

  By Chad Hemenway, PropertyCasualty360.com  |  April 26, 2013

  The insurance industry lost money on underwriting in 2012 and its rate of return of 5.9 percent fell far short of its long term average. But profitability is improving.

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  Florida Judge Lifts Stay of PIP Injunction

  By Chad Hemenway, PropertyCasualty360.com  |  April 22, 2013

  A Florida judge has lifted a stay of a temporary injunction of certain provisions within a landmark auto insurance reform bill adopted last year.

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  Massive Texas Plant Explosion Destroys Houses, Cars, Apartment Complex, School

  By Chad Hemenway, PropertyCasualty360.com  |  April 18, 2013

  Insurance adjusters are already on their way to an area near Waco, Texas affected by an enormous blast at a fertilizer plant Wednesday night that sent a mushroom cloud into the sky.

• Latest IAIS Paper Continues to Favor Subsidiary Structure for Companies

  By Elizabeth D. Festa, PropertyCasualty360.com  |  April 17, 2013

  The U.S. insurance industry says a subcommittee of the International Association of Insurance Supervisors continues to encourage countries to favor a subsidiary structure—a move the industry claims limits freedom of organization.

• Industry Sees Boston's Importance for TRIA; Focus Now on Justice, Recovery

  By Arthur D. Postal, PropertyCasualty360.com, Elizabeth D. Festa, PropertyCasualty360.com  |  April 16, 2013

  The head of the Insurance Information Institute says in the wake of the bombing tragedy at the Boston Marathon that the stability of the terrorism risk insurance market is contingent on sustaining a federal terrorism risk insurance backstop.

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  Tennessee House Volunteers its Workers' Comp Dispute-Resolution Bill

  By Arthur D. Postal, PropertyCasualty360.com  |  April 15, 2013

  Tennessee has taken another important step in replacing its court-based workers' compensation dispute resolution system with an administrative process.

• PCI: FIO Disaster-Loss Estimates Pose Challenges

  By Elizabeth Festa, PropertyCasualty360.com, Chad Hemenway, PropertyCasualty360.com  |  April 12, 2013

  President Obama's budget proposal contains language implying the FIO should have the “ability to immediately estimate exposures related to catastrophic events,” and provide it to the federal government.

• Esurance Technology Combats Distracted Driving

  By Staff Writer  |  April 10, 2013

  Esurance, a direct writer of personal auto insurance, is offering teen drivers a technology solution that can help prevent distracted driving.

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  NAIC CEO Nelson 'Ready to Fight Immediately' for State Regulation

  By Elizabeth D. Festa  |  April 9, 2013

  National Association of Insurance Commissioners CEO Ben Nelson, and a group that says it is poised to defend state regulation, upped the rhetoric against federal insurance supervision while at an event here.

• TRIA Renewal an 'Uphill Climb,' Associations Warn

  By Arthur D. Postal, PropertyCasualty360.com  |  March 22, 2013

  The top staff official of the Property Casualty Insurers Association of America is warning the industry that reauthorization of the Terrorism Risk Insurance Act will be an “uphill climb” in this Congress.

• NCOIL Considers Model Laws on Prepackaged Drugs, Opioid Abuse

  By Arthur D. Postal, PropertyCasualty360.com  |  March 20, 2013

  State legislators have proposed and conditionally approved a model law that would tie reimbursement rates for prepackaged drugs dispensed by physicians for worker’s compensation patients to the original manufacturer’s average wholesale price.

• Illinois Bucks Trend in Other States; Looks to Establish Competitive Workers' Comp State Fund

  By Arthur D. Postal, PropertyCasualty360.com  |  March 15, 2013

  Illinois state legislators are running counter to a national trend by proposing creation of a state workers’ compensation insurance fund that would compete with the private system.