CsiszarErnst.jpgI was shocked yesterday to hear Property Casualty Insurers Association of America President Ernie Csiszar abruptly announce his resignation. The move comes shortly after PCI reversed course and pulled out of ProtectingAmerica.org–the Allstate-backed group pushing for a federal mega-catastrophe fund–which PCI joined with much fanfare days before defecting.

While everyone directly involved is making nice and declining to comment on Ernie’s motivations, this most probably is a direct result of the tug of war PCI found itself in over its position on catastrophe coverage. As I noted in yesterday’s post, “An Industry Divided,” PCI was in a tough spot because Liberty Mutual and Allstate–two mega-members–took exactly opposite stances on what role, if any, Uncle Sam should play in disaster insurance.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

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

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.