NU Online News Service, July 22, 11:00 a.m. EDT
A Government Accountability Office official contradicted a Florida Office of Insurance Regulation (OIR) official over a report that reviewed nine of the nation's residual catastrophe insurance programs.
Orice Brown, director of Financial Markets and Community Investments with the GAO said that conversations between the federal office and the OIR did not indicate there would be any clarifications to the report. Instead, the GAO said it would advise Florida of any studies it does in the future on state catastrophe insurers. There are currently no plans for any additional insurance studies of catastrophe funds at this time, she said.
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