Jim Wallace, chairman, president and CEO of GuideOne Mutual Insurance Co., was elected chair of the Property Casualty Insurers Association of America Board of Governors on Tuesday during the association’s annual meeting in Hollywood, Fla. Prior to becoming chair, Wallace served as first and second vice chair of PCI in 2014 and 2015. During his term, Wallace and the other PCI Board of Governors officers will work to continue addressing and embracing disruptions in the insurance industry, such as the sharing economy, global regulatory convergence and technological innovations. The Drake University alumnus is past chair of the Greater Des Moines Partnership, and he currently serves on numerous industry and community boards.