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Dinallo-2.JPGNew York Insurance Superintendent Eric Dinallo has come out with a bold proposal to alleviate the boom-and-bust cycle insurers and consumers must endure on catastrophe-related coverage, suggesting a regulation requiring property writers to put aside part of their premiums for a special reserve fund to help pay natural disaster claims. But even bolder is his call for carriers to go along with his plan regardless of the immediate tax implications.

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