Regulators and industry representatives will attempt to refine a catastrophe plan at the National Association of Insurance Commissioners summer meeting starting today with sharp divisions remaining over several aspects, according to an industry lobbyist.
"We continue to be concerned with the decision by the chair of the Working Group to, essentially, ignore a year's worth of work regarding the National Catastrophe Plan document," said Don Griffin, director of personal lines for the Property Casualty Insurance Association of America.
At the spring meeting earlier this year, members of the Catastrophe Insurance Working Group attempted to reintroduce a number of elements some insurance interests view as an anathema. It had appeared that those items were permanently defeated in previous sessions.
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