Reinsurers Balk as Regulators Race to Finish Natural Catastrophe Plan
Publication Date: January 16, 2006
Advisen -- Reinsurance
Source: Bestwire Service
"TALLAHASSEE, Fla. (BestWire) - Florida Insurance Commissioner Kevin McCarty has a lot on his plate.
"With southern Florida still sweeping up after Hurricane Wilma inflicted an estimated $6.1 billion of insured losses in October -- on top of the $19 billion in losses caused by hurricanes Charley, Frances, Ivan and Jeanne in 2004 -- it's no surprise to see weather-worn McCarty leading the pack of state regulators who seek a multilayered plan to insure homeowners against natural catastrophe risk...."
Advisen -- Reinsurance
Source: Bestwire Service
"TALLAHASSEE, Fla. (BestWire) - Florida Insurance Commissioner Kevin McCarty has a lot on his plate.
"With southern Florida still sweeping up after Hurricane Wilma inflicted an estimated $6.1 billion of insured losses in October -- on top of the $19 billion in losses caused by hurricanes Charley, Frances, Ivan and Jeanne in 2004 -- it's no surprise to see weather-worn McCarty leading the pack of state regulators who seek a multilayered plan to insure homeowners against natural catastrophe risk...."
posted by AVRECO at 9:28 AM
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