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New PCI chair upbeat about issues facing organization
By Rodd ZolkosSEATTLE--If you ask Thomas J. Tierney about the various challenges that the organization he's about to chair faces in the year ahead, he'll tell you, "Those are opportunities, not challenges."
Clearly Mr. Tierney, chairman, president and chief executive officer of the Montpelier, Vt.-based Vermont Mutual Insurance Group and incoming chairman of the Property Casualty Insurers Assn. of America, has the right attitude.
Looking ahead at issues the PCI will deal with in the coming year, Mr. Tierney cited several on the federal front, such as the debate over a permanent terrorism reinsurance backstop, the optional federal charter issue and the proposed... more
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P/C industry warned: Major threats remain
By Meg FletcherSEATTLE--Despite improved financial results, insurers still need to address serious financial, reputational and operational challenges, a Lloyd's of London executive warns.
Julian James, Lloyd's London-based director of worldwide markets, said Monday in remarks to the annual meeting of the Property Casualty Insurers Assn. of America that "despite our current good fortune, I could make a strong case that we are still standing near the edge of the cliff," much as he had predicted ... more
More from Tuesday
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PCI members set for deals, discussions in Seattle
By Meg FletcherThe impact of the November elections on insurers and federal insurance issues including terrorism and flood coverages will provide the formal framework for discussions during the annual meeting of the Property Casualty Insurers Assn. of America, conference organizers predict. ... more
More from Monday
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