The nation's insurance regulators have decided they need to go back to the drawing board to create a new system for multistate disaster reporting of loss data.
At the spring meeting of the National Association of Insurance Commissioners in New York this week, the Financial Condition Committee sent a disaster reporting framework proposal back for some retooling to meet industry concerns about confidentiality of information.
However, just who will rework the proposal remains unclear as the Disaster Reporting Working Group has been disbanded after its approval of the current proposal.
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