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Top Execs Say TRIA Yes, CAT Fund No

The insurance business absolutely needs federal support for terrorism insurance, but it does not need a national catastrophe fund, three insurance executives advised an ...

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The insurance business absolutely needs federal support for terrorism insurance, but it does not need a national catastrophe fund, three insurance executives advised an industry conference.

Instead of a CAT fund, they said the solution to potential insurance availability problems for buyers increasingly populating storm-exposed coastal areas is state regulators’ approval of higher rate levels.

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