JavaScriptAllstate Insurance Company has given its year's notice that it will be withdrawing from the Property Casualty Insurers Association of America as of 2009.

Both Allstate and PCI officials confirmed the decision, saying that Allstate has decided to do so "because it is well on its way to insourcing its government relations function, both at the federal and state level," according to David Sampson, PCI's new president and chief executive officer.

The bylaws of the trade group require that it give a year's notice of plans to withdraw, according to both Mr. Sampson and Rich Halberg, an Allstate spokesman.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.