New York Senator Michael Balboni, a member of the Senate Insurance Committee, has introduced a bill that would help protect New Yorkers from the consequences of a catastrophic storm, terrorist attack, or other event.
The National Association of Insurance Commissioners is currently considering a plan that would not only create such state and federal funds for mega-catastrophe risk but also mandate "all-perils"
The National Association of Insurance Commissioners is currently considering a plan that would not only create such state and federal funds for mega-catastrophe risk but also mandate "all-perils"
Claims News Service, Jan.20, 1:28 p.m. EST -- James Lee Witt, former FEMA director and co-chair of ProtectingAmerica.org, an organization for improving financial recovery systems and rebuilding
Mr. Mills' comments came during the 14th Annual Professional Insurance Agents of New York State's Metropolitan Regional Awareness Program and included news of his department's new plans for industry o
Washington--An organization campaigning for a federal catastrophe fund is firing back at insurance trade groups that have attacked the concept arguing that the private sector remains capable of coverin
In a letter to the National Association of Insurance Commissioners, PCI senior Washington lobbyist Julie Gackenback said some portions of the program did not merit support while stating that "now is t
In a letter to the National Association of Insurance Commissioners, PCI senior Washington lobbyist Julie Gackenback said some portions of the program did not merit support while stating that "now is t
Allstate Chairman and Chief Executive Officer Edward Liddy, continuing his campaign for a federal catastrophe fund, told a group of reporters in Washington that his industry lacks the capacity to hand
Filed last week, the bill by State Sen. Michael Balboni, R-East Williston, would create a New York fund that would involve a public-private partnership providing a backstop for the state's property-ca