Washington–A member of a House panel scored insurancecommissioners for a lack of speed and uniformity in their reactionto Hurricane Katrina and other storms yesterday during a hearing onmarketplace issues related to catastrophes.
The criticism came from Rep. Richard Baker, R-La., who chairsthe House Financial Services Subcommittee on Capital Markets,Insurance and Government Sponsored Enterprises.
The informal session was called to examine the catastropheeffects on the insurance marketplace and insurers' response to it.Insurance regulators from the storm-battered states of Florida,Mississippi, Alabama, Louisiana and Texas were on hand.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
