Alliance, NAII Boards Approve Merger Agreement

Alliance, NAII Boards Approve Merger Agreement

The boards of two insurance company groupsthe Alliance of American Insurers and the National Association of Independent Insurerslast week approved a merger to form the Property Casualty Insurers Association of America. If approved by the member companies of the two groups, PCI would begin operations in January.

NAII President Jack Ramirez said the two boards are “strongly urging their members to vote in favor of the merger. PCI will create the nations premiere trade association representing the property and casualty industry. With over 1,000 members that write approximately 40 percent of the market, PCI will have the resources and staff to provide its members with more and better services than they currently enjoy, and with the political strength to have a much more powerful voice in state capitals and in Washington.”