Insurance Company Files Complaint Against Federal Agency

The Chicago branch of Property Casualty Insurers Association of America or PCI filed a lawsuit last November 27 against the U.S. Department of Housing and Urban Development.

The case was submitted by Rowe Snider together with five other lawyers at Wilmer, Cutler, Hale, Pickering, and Dorr LLP. The case surfaced to challenge the legality of a new law that is purportedly intended to eliminate discrimination in issuing home insurance policies.

PCI believes that the new rule will increase insurance rates needlessly and will only lead to some insurers having insufficient money to pay their home insurance policies. The group is hoping to for a modification of the new law.

PCI is represents over 1,000 property and casualty insurance members. It is also a group that represents 30% of the insurance owners in all states in the US.

Source: Madison-St. Clair Record

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