Property-casualty insurers can handle up to $40 billion ofannual catastrophe losses, and $65 billion over a two-year period,the American Academy of Actuaries said today.
In preliminary findings prior to the release of a reportsometime in the next several weeks, the Academy said any program offederal supports should be based on those capacity projections.
Shawna Ackerman, co-chair of the Academy's Natural CatastropheSubcommittee, outlined plans for the group's involvement with thejoint National Association of Insurance Commissioners-NationalConference of Insurance Legislators effort to develop a plan todeal with natural catastrophe risk.
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