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PCI Warns Against Insurer Overregulation

BOSTON--The head of the Property Casualty Insurers Association of America warned lawmakers against overreacting to market disruptions with government-run substitutes for disaster coverage that he said

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BOSTON–The head of the Property Casualty Insurers Association of America warned lawmakers against overreacting to market disruptions with government-run substitutes for disaster coverage that he said will do consumers more harm than good.

“The danger of overregulation is clear,” David A. Sampson, PCI’s new president and CEO, said here during his first public address at the group’s annual conference.

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