NU Online News Service, June 7, 2:48 p.m. EDT
The National Association of Mutual Insurance Companies (NAMIC) says it is not taking a position on Senate legislation that contains a provision that would split the difference on wind-vs.-water claims.
In a statement, NAMIC officials say the trade group and its members "remain neutral" on the legislation, S. 1091, the Consumer Option for an Alternative System to Allocate Losses or (COASTAL) Act.
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