A national meeting in Alabama on the affordability and availability of property insurance heard the Florida insurance commissioner continue his campaign for a national catastrophe plan yesterday.
"The United States remains one of the few industrialized countries without a national catastrophe plan," said Commissioner Kevin McCarty, speaking at the National Association of Insurance Commissioners' (NAIC) Southeast Zone meeting in Mobile, Ala., which included insurance executives and congressional leaders.
Mr. McCarty first became involved with a drive for a national cat plan in November 2005 at a catastrophe insurance summit sponsored by then California Insurance Commissioner John Garamendi.
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