American Property Casualty Insurance Association
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2021 Agenda

There are many issues impacting the insurance industry, our member companies and consumers in 2021. That is why APCIA developed robust advocacy goals that will allow us to address the most urgent challenges and opportunities facing the industry and consumers.

Lawsuit Abuse Reform

APCIA will tackle lawsuit abuse by addressing questionable attorney practices that drive up costs for consumers and clog our nation’s court system. We will work to protect businesses from COVID-19 liability suits; limit third-party litigation financing and advertising; and defend against rampant bad faith lawsuits.

Preserving Insurance Contracts while Protecting Businesses and Consumers

APCIA will work to prevent retroactive coverage proposals related to the pandemic – such as business interruption, workers compensation, or regulatory mandates. Mandating retroactive insurance coverage could make it harder for insurers to pay claims on existing insurance policies, weakening our nation’s economic recovery. We will also continue to promote the Business Continuity Protection Program as a way to manage future pandemic risk while protecting consumers.

Evolution of Catastrophe Insurance

Pandemic risk has forced a larger public policy discussion and APCIA will continue to be a leading voice on the industry’s catastrophe insurance evolution, advocating for policies that reform our nation’s response to natural and man-made disasters to better protect our communities and lessen the burden on taxpayers. We will work to ensure there is no lapse in the National Flood Insurance Program (NFIP) as well as to reform and reauthorize the NFIP for the long-term. APCIA will also continue to support increased funding for flood plain mapping, wildfire suppression efforts, and natural disaster prediction and mitigation.

Risk-based Pricing and Social Equity and Inclusion

APCIA is committed to supporting the industry’s efforts to create a more diverse, inclusive workforce; continuing to ensure all customers are treated fairly when it comes to home, auto, and business insurance; and financially empowering individuals, businesses, and communities. APCIA will continue working with policymakers to address the underlying issues impacting insurance affordability and will defend against policies that attempt to eliminate actuarily sound risk-based rating factors.

Innovation and Regulatory Modernization

APCIA will continue to work with regulators to ensure our industry has the flexibility needed to adapt to a rapidly changing environment. We will also work with regulators to modernize commercial and personal lines rates and forms and ensure privacy and data uniformity to preserve protections without compromising business utility.

Improving and Protecting State-Based Workers Compensation Insurance

APCIA will continue our work to preserve a framework that ensures high-quality care for injured workers, encourages those employees to return to work and contains costs.

Additional Advocacy Issues

We will also continue our work to address issues that impact the affordability and availability of auto insurance; increase international trade and market access by restricting proposals that limit cross-border reinsurance and reducing tariffs that increase costs; and maintain a sound taxation structure.