Mega-catastrophe risk insurance coverage will top the agenda at the spring meeting of the National Association of Insurance Commissioners, beginning Saturday in Orlando, Fla.
A proposal developed by Florida Insurance Commissioner Kevin McCarty will face full regulator scrutiny and a possible up or down vote at the session set for March 4-7.
The most controversial aspect of the plan centers on proposed state and federal funds to provide a backstop for natural catastrophe risk similar to the one that is in place for terror risk.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.