The Property Casualty Insurers Association of America (PCI) Board of Governors discussed an inquiry whether property-casualty insurers would advocate their inclusion in Treasury’s Troubled Asset Relief Program (TARP) Capital Purchase Program. The board’s position was that the industry is generally well-capitalized and managed and is continuing to provide sound and secure products to consumers. PCI believes that property-casualty insurer participation in a Treasury relief program is neither necessary nor in the best interest of property-casualty consumers.

PCI Statement on TARP (10/29/08)

November 4, 2008