Every year, PAMIC and PAMIC PAC bring issues important to the mutual property and casualty insurance industry before government leaders and policymakers. The year 2021 was no exception to the importance of having well-established working relationships, particularly with the added layers of a global pandemic and legislative elections.
Year-in-Review -- 2021
HB 1680 (Homeowners): advancing a PAMIC Priority for over 30 years - allowing Homeowner policy changes at renewal with non-renewing policyholders
HB 1679 (Auto): allowing Homeowner policy changes at renewal with non-renewing policyholders
SB 676: Fixes recent Supreme Court decisions impacting the auto “household” exclusion debacle
Continue battling industry-crushing reforms on Business Interruption liability
Continue advocating for fairness in industry fees and reforms to budget allocations related to financial and market conduct exams.
Successes of Prior Years
Implement weekly information sessions with the Pennsylvania Department of Insurance during the emerging pandemic
Identified liability and workers’ compensation issues related to Covid-19
Advocated for fairness in industry fees and reform to budget allocations related to the Insurance Regulatory and Oversight Fund (IROF)
Supported candidates running in state House and Senate races (98% success)
Act 41 of 2018 deals with the Insurance Departments’ use of contractors, and in bringing common sense to the exam, the process became law giving us greater visibility and control over the exam process.
Act 68 of 2018 deals with the Uniform Construction Code allowing for the swifter adoption of construction standards allowing for more resilient structures.
Act 111 of 2018 corrected a constitutional issue addressing the use of the American Medical Association guidelines to determine injured worker impairment ratings.
Act 117 of 2018 ensures the Insurance Departments’ solvency accreditation related to Corporate Governance and limits the Department’s use of outside vendors in reviewing these disclosures.
