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.
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