Working Group Chair Kevin McCarty, who also serves as Florida insurance commissioner, said the Atlanta meeting last week resulted in "significant inroads in identifying the many facets of this complex
With politicians in coastal states facing "white hot" pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late
With politicians in coastal states facing "white hot" pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late las
With politicians in coastal states facing "white hot" pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late las
In his weekly radio address last week, Mississippi Senator Trent Lott stressed the importance of the Broussard v. State Farm verdict and expressed hopes for a settlement. He also announced that he
MIAMI--A proposed multistate catastrophic fund that will be the subject of a National Association of Insurance Commissioners meeting next month received less than unanimous support from regulators from
WASHINGTON--Two Florida congressmen opened the new 110th Congress late yesterday by introducing legislation that would establish a federal reinsurance catastrophic fund as a federal backstop for future
Bank of America Securities reinsurance analyst Tamara Kravec said the current proposed addition of $14 billion to the FHCF could lead to some reductions for accounts that saw some of the most spectacu
But Andrew Castaldi, senior vice president for Americas Hub Swiss Reinsurance Group, based in Armonk, N.Y., said that such funds concentrate too much similar risk in a given area, and end up merely
NEW YORK--A change in the make-up of Congress may not help advocates pushing for creation of federal and state catastrophe fund programs, the head of a group campaigning for the concept said at a press