PCI Vice President Issues Statement on NAFTA Negotiations

DES PLAINES, Ill., Oct. 10 -- The Property Casualty Insurers Association of America issued the following statement by Dave Snyder, vice president international policy, on the fourth round of North American Free Trade Agreement modernization talks:

"PCI represents insurers that write lines of business in the three NAFTA countries.

"The insurance they offer is critically important for commercial activity that creates jobs and provides financial security for individuals, families, and communities.

"We commend the hard work of the negotiators and urge a final outcome that 'does no harm,' preserves all existing benefits of NAFTA, and helps address emerging issues, such as the digital economy."

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PCI promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers. PCI is composed of nearly 1,000 member companies, representing the broadest cross section of insurers of any national trade association. PCI members write $216 billion in annual premium, 36 percent of the nation's property casualty insurance.

Member companies write 43 percent of the U.S. automobile insurance market, 29 percent of the homeowners market, 34 percent of the commercial property and liability market and 36 percent of the private workers compensation market.