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New 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.Recommended Stories
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On-Demand Webinar
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The ABCs of Generations X, Y and Z
This on-demand webinar shares new data and statistical analysis regarding the ongoing knowledge transfer being seen in the marketplace. Discover ways to help strengthen relationships between carriers and agencies.
White Paper
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Effective Use of Geolocation to More Accurately Manage Risk
As property risk shifts to reflect a changing climate, having accurate, updated geolocation data is more important than ever. Download this white paper and learn how you can gain access to rich geolocation data that provides a current, complete picture of a property to be assessed.
Guide
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The Master Guide to Grow Your Insurance Agency in the Digital Age
Modern-day insurance agencies reflect the need for renowned digital strategies in order to sustain long-term growth. Download this in-depth guide to learn tips and tactics to grow your insurance business by improving acquisition, conversion, retention and revenue:
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