We offer eight suggestions for state lawmakers who are looking for ideas on how they should (and shouldn’t) respond to insurance challenges posed by large natural disasters.
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The Florida legislative session ended earlier this month with no real reforms to the Florida Hurricane Catastrophe Fund; but a late addition to the state budget attempts to shore up the Cat Fund’s finances through a tax-credit program. From Insurance Journal: Sponsored by Senator J.D. Alexander (R-Lake Wales), the plan is designed to help shore-up [...]
Letter from Austin: Texas policyholders don’t like Ike
Claims to the Texas Windstorm Insurance Association stemming from the September 2008 storm continue to pile up.
By not reforming the Florida Hurricane Catastrophe Fund, the Florida legislature has placed the people of Florida, and its insurance industry, at risk. In a recent release from the Association of Bermuda Insurers and Reinsurers (ABIR), its president, Bradley Kading, argued that legislators in Florida placed politics ahead of good policy, and that despite efforts [...]
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