Tuesday, January 10, 2006

NAMIC Warns Regulators All-Perils Policy Could Worsen CAT Problems

January 9, 2006
The Insurance Journal

"A 'Natural Catastrophe Risk Plan' drafted by the National Association of Insurance Commissioners has the potential to 'damage private insurance markets and exacerbate the very problems it seeks to correct,' warned the National Association of Mutual Insurance Companies in comments submitted to the NAIC over the weekend..."