The number of catastrophe-related laws increased dramatically in the states last year, according to the annual survey of state insurance laws prepared by the National Association of Mutual Insurance Companies.
“Ten states enacted 17 catastrophe-related bills last year as compared to three states in 2005,” said David Reddick, NAMIC's associate director of public policy.
Five bills were enacted in Louisiana following Hurricanes Katrina and Rita, while Florida and Hawaii each passed resolutions calling for creation of a national catastrophe fund.
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