CsiszarErnst.jpgI was shocked yesterday to hear Property Casualty Insurers Association of America President Ernie Csiszar abruptly announce his resignation. The move comes shortly after PCI reversed course and pulled out of ProtectingAmerica.org–the Allstate-backed group pushing for a federal mega-catastrophe fund–which PCI joined with much fanfare days before defecting.

While everyone directly involved is making nice and declining to comment on Ernie’s motivations, this most probably is a direct result of the tug of war PCI found itself in over its position on catastrophe coverage. As I noted in yesterday’s post, “An Industry Divided,” PCI was in a tough spot because Liberty Mutual and Allstate–two mega-members–took exactly opposite stances on what role, if any, Uncle Sam should play in disaster insurance.

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