A group that includes Allstate and other insurers, which is pushing for a federal-state catastrophe insurance program, is belittling a catastrophe proposal by an insurers' trade group.
The criticism was leveled by ProtectingAmerica.org against the American Insurance Association, which it said had “cobbled a catastrophe response plan that is inadequate, incomplete and insufficient.”
Among the measures being proposed by the AIA, which were unveiled today are stricter building codes that are strongly enforced, the inclusion of hurricane risk in land use planning, increased use of actual risk based pricing and the use of computer modeling in the rate setting process.
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.
