Posted on 19 Jan 2009
The Property Casualty Insurers Association of America (PCI) is very pleased to announce that it has retained Quinn Gillespie & Associates LLC (QGA), one of the leading government relations firms in the nation’s capital.
QGA will assist PCI’s federal government relations team in navigating through the expected push for financial services regulatory reform at the federal level, which could impact the insurance industry and the way it does business for decades to come.
“We are pleased to establish this working partnership with one of Washington’s leading government relations firms,” said David A. Sampson, PCI’s president and CEO. “Quinn Gillespie & Associates brings tremendous strategic insight and credibility with members of the incoming Obama Administration, as well as top Congressional leaders, all the federal agencies, many leading advocacy groups, and the news media. QGA’s efforts in concert with the work of our superb federal government relations team will help us to advance our agenda for responsible regulatory reform and modernization that creates a fair, effective and efficient business environment for the property casualty industry.”
“QGA is excited about our new partnership with PCI, the property and casualty industry’s premier trade association,” said Jack Quinn, QGA’s co-founder and chairman.
Regulatory reform is expected to be the leading issue for the insurance industry and the entire financial services sector in 2009. In addition to signing QGA, PCI’s Board of Governors has created a special Board Committee on Financial Services Regulatory Reform which will be positioned to provide input and rapid response and feedback to Congress. PCI will also be working with Congress and the new Administration to help them understand the impact of regulatory reform on insurance consumers.
“The current economic environment is certain to bring fundamental regulatory change to the entire financial services sector,” Sampson said. “Through the steps we have taken, we have put ourselves in a strong position to help shape the future of our industry and serve the interests of our members and consumers alike. We are committed to meet the challenges that are before us and ensure a bright and prosperous future for our industry and for those who rely on us in their times of need.”
PCI is composed of more than 1,000 member companies, representing the broadest cross-section of insurers of any national trade association. PCI members write over $198 billion in annual premium, 40.5 percent of the nation’s property casualty insurance. Member companies write 51.6 percent of the U.S. automobile insurance market, 39.7 percent of the homeowners market, 33.2 percent of the commercial property and liability market, and 38.7 percent of the private workers compensation market.