Ernie Csiszar will resign on Sept. 30 as president and chief executive officer of the Property Casualty Insurers Association of America. The announcement was made days after PCI abruptly pulled out of an Allstate-backed advocacy group pushing for a federal catastrophe backstop fund.
Earlier this month, PCI joined ProtectingAmerica.org with much fanfare after spending nearly a year working out its position on a proposed federal backstop for insured catastrophes.
While PCI and ProtectingAmerica.org still agree on most of the measures to help shore up the industry in the event of a mega-catastrophe, their differences on the federal fund remained too wide to breach, according to PCI's director of personal and commercial lines, Don Griffin.
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