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Insurers 'Cheap' Politically, Csiszar Says

The property-casualty insurance industry is a "cheapskate" when it comes to political expenditures, according to Ernst Csiszar, who--as a former regulator, insurance company head and trade association

By Steven Tuckey | Updated on November 26, 2006

The property-casualty insurance industry is a “cheapskate” when it comes to political expenditures, according to Ernst Csiszar, who–as a former regulator, insurance company head and trade association president–has seen the lobbying game played from all angles.

Indeed, the insurance industry has not made its presence felt in Washington primarily because it fails to make the political contributions that bring influence, said Mr. Csiszar, who served most recently as chief executive officer of the Property Casualty Insurers Association of America. He resigned abruptly in September following a dispute over PCI’s position on a national catastrophe fund.

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