The government and insurance industry must work together to recapture earlier momentum, to forge catastrophe programs that meet the needs of the U.S. public in case of extreme loss, a research firm reported yesterday.
TowerGroup in Needham, Mass, said in a study that urgency to address the issue has flagged with low catastrophe losses the past two years.
The firm said the growing global insurance market presents challenges that range beyond U.S. borders and that complex and frequently conflicting U.S. regulatory requirements hinder economic expansion for many carriers.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
