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More Buzz On Csiszar Leaving PCI

My blog entry on Friday morning, offering my own speculation on why Ernie Csiszar so abruptly resigned last week as president of the Property Casualty ...

By Staff Writer | Updated on September 18, 2006

My blog entry on Friday morning, offering my own speculation on why Ernie Csiszar so abruptly resigned last week as president of the Property Casualty Insurers Association of America, prompted some buzz from others in the market with personal knowledge of how the split actually went down.

In my earlier entry, I noted that Ernie had stepped down days after PCI defected from ProtectingAmerica.org, shortly after announcing with much fanfare that PCI would join the Allstate-backed group that aims to create a national catastrophe fund. Since the principals have clammed up on what the heck happened here, I suggested that Ernie was probably caught in the crossfire between two big members–Allstate and Liberty Mutual, with the latter adamantly opposed to a cat fund.

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