MIAMI–A proposed multistate catastrophic fund that will be the subject of a National Association of Insurance Commissioners meeting next month received less than unanimous support from regulators from the Southeast attending an NAIC meeting here.
At this point, as the NAIC confers on catastrophic risk, the commissioners have generally taken a wait and see attitude on the multistate notion.
The multistate fund concept is part of an overall plan for a national program to support insurers against mega-catastrophe losses being examined at both federal and state levels.
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.
