The property-casualty insurance industry is a “cheapskate” when it comes to political expenditures, according to Ernst Csiszar, who–as a former regulator, insurance company head and trade association president–has seen the lobbying game played from all angles.
Indeed, the insurance industry has not made its presence felt in Washington primarily because it fails to make the political contributions that bring influence, said Mr. Csiszar, who served most recently as chief executive officer of the Property Casualty Insurers Association of America. He resigned abruptly in September following a dispute over PCI's position on a national catastrophe fund.
“The industry does a lousy job at playing politics,” Mr. Csiszar said here at the 18th Annual Executive Conference for the Property Casualty Industry. “We are cheapskates in that we don't contribute where we should.”
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