Insurance commissioners from the three states most heavily impacted by Hurricane Katrina met yesterday with industry executives to discuss emergency declarations the regulators plan to issue, with the hope that industry input would avoid any delays or complications in implementing the orders.
Yesterday, Louisiana Insurance Commissioner Robert Wooley held a meeting with industry representatives, along with Alabama Insurance Commissioner Walter A. Bell and John Wells, director, rating division from Mississippi's insurance department.
Mr. Wooley said about 480 industry representatives attended the meeting in Atlanta to discuss a series of emergency consumer protection declarations the three departments plan to issue in the wake of Hurricane Katrina. He said the declarations are modeled after similar notices issued in Florida last year to deal with its storms.
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