APCIA

The American Property Casualty Insurance Association says it plans to combat what it describes as an increasingly hostile political environment facing the insurance industry. The trade group's stance reflects growing friction between insurers and policymakers over issues such as pricing, regulation and market withdrawals. Industry observers are watching how the association intends to translate its concern into lobbying and public advocacy efforts.

The American Property Casualty Insurance Association is lobbying Congress on three fronts: reauthorizing the Terrorism Risk Insurance Act, advancing the Fix Our Forests legislation to reduce wildfire risk, and renewing the National Flood Insurance Program. The group says all three programs are vital backstops for policyholders, and their futures depend on action by lawmakers in Washington.

The American Property Casualty Insurance Association says it is cautiously optimistic that the Terrorism Risk Insurance Act will be reauthorized by the end of the year. The federal backstop, which covers insured losses from large terrorist attacks, requires periodic congressional renewal, and insurers are watching the timeline closely given the programme's role in sustaining terrorism coverage markets.