“For anyone that doesn’t think politics plays into the business of insurance, they’re wrong.”

With the hotly contested U.S. Presidential election looming, WRIN.tv asked several attendees at the recent PCI Annual Meeting about how the outcome could affect the property casualty industry. Here with several points of view are Robert Gordon, SVP of PCI Policy Development and Research, Fred Karlinsky, Co-Chair of the Insurance Regulatory & Transactions Practice at Greenberg Traurig, Richard Poirier, CEO at Church Mutual Insurance, and Gavin Souter, Editor of Business Insurance (BI).

PCI’s Robert Gordon says a more Democratic Congress will mean that the industry will move from “offense to defense” with regard to regulatory reach and more “hostile oversight.”

According to this panel of leaders, the key issues at stake include: corporate governance, tort reform, the National Flood Insurance Program (NFIP), Obamacare, the Terror Risk Insurance Act (TRIA), the Supreme Court and decisions regarding administrative over-reach, religious freedom, and the role of States and the United States in national and international regulation of insurance companies.

Mr. Gordon notes that all could changes in 2018 when a large number of Democrats are up for re-election and a shift back to Republican control, but he is prepared for “bumpy ride “over the next couple of years.

For more of our coverage of the 2016 PCI Annual Meeting, visit the WRIN.tv On Demand Library.

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