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 Outside the Tunica River Museum
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I’m listening to the GOP debate on MSNBC, currently in the candidates-ask-each-other-questions phase, and unsurprisingly Giuliani posed a question on the concept of a national cat pool to to Romney (with McCain jumping in as his name was taken in vain). Giuliani posed his question to Romney, A few thoughts: We just had more discussion on the [...] 
Yesterday, I wrote about Hillary attempting to earn brownie points among Floridians by sponsoring the Senate version of the Homeowners Defense Act. Well, I notice that the House has passed its version. From Business Insurance: The House of Representatives has approved a bill that create a federal backstop for state catastrophe insurance pools. The Homeowners’ Defense [...]
A press release from Senator Clinton’s office, via All American Patriots: Senators Hillary Rodham Clinton (D-NY) and Bill Nelson (D-FL) today introduced the “Homeowners Defense Act of 2007,” an innovative proposal to pool and diversify catastrophe risk to make disaster insurance for hurricanes, floods, fires and other natural disasters more available and affordable for American homeowners. [...] 
While I was away on vacation the two-year anniversary of Katrina passed. In recognition of the anniversary, Zach Scruggs issued a call for things to “ensure that Katrina will never happen again”: (1) Thousands of remaining cases filed by policyholders who were shortchanged by their insurers await resolution; (2) Congress must repeal the “anti-trust” exemption [...]
David Rossmiller at Insurance Coverage blog has been keeping tabs on a bill that would expand the National Flood Insurance Program to also offer wind coverage. The debate has been lively, with one Congressional staffer apparently calling into question an consulting firm’s professional ethics for daring to point out the potential expense of the proposal in [...]
It’s not every year that studies performed by actuarial consultants generate so much press. A couple of months ago, I mentioned work Tillinghast has done looking at the potential impacts on the new Florida cat facilities if a storm were to hit — the conclusions being that current cost savings is being achieved at the [...]
Seen on the newswires: The National Association of Insurance Commissioners said on Tuesday it is considering how several states could set up a fund to pay the costs of hurricanes and catastrophes.[...] “A multi-state catastrophe fund will allow states to pool their risks in a tax-advantaged fund,” said Florida Insurance Commissioner Kevin McCarty, who heads the NAIC [...] |
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