WASHINGTON–If Congress creates tax-advantaged catastrophe funds, it would save homeowners $11.6 billion annually, according to a study by a coalition that includes some insurers.
The group known as ProtectingAmerica.org presented the study, conducted by Milliman Inc., an actuarial and consulting firm, at a press conference a the National Press Building.
David Appell, principal and director of economic consulting for Milliman, presented the study, which indicated $11.6 billion in annual savings if legislation now pending in Congress is enacted.
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