The National Conference of Insurance Legislators said discussions at their upcoming meeting this week will consider a program with a public-private funding partnership to cover mega-catastrophe risks for homeowners.
The state lawmakers will be examining the National Association of Insurance Commissioners' plan for state and federal backstops for mega-catastrophes as they consider revising their own natural disaster insurance resolution passed two years ago.
That measure will face its first NAIC vote at that group's spring meeting March 4 in Orlando, Fla.
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