An organization devoted to developing a national insurance catastrophe backstop program will begin a push with individual states by opening a New Jersey chapter to lobby for creation of a state cat fund.
Tomorrow, James Lee Witt, former Federal Emergency Management Agency director during the Clinton administration and current co-chairman of ProtectingAmerica.org, will announce, in Trenton, N.J., the formation of its affiliate, ProtectingNewJersey.org.
The announcement comes just weeks after state Assemblyman Michael J. Panter, D-Mercer and Monmouth Counties, and vice-chairman of the Assembly Financial Institutions and Insurance Committee, introduced a bill to create a state catastrophe fund.
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
© 2025 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.
