Insurer Group Sets Policy on Natural Disaster Issues
June 26, 2006
The Insurance Journal
"The National Association of Mutual Insurance Companies (NAMIC) has adopted a statement on natural disasters that asserts a flexible regulatory environment in which insurers are free to price coverage based on risk will create incentives for property owners in high-risk areas to invest in loss mitigation measures. NAMIC contends that only risk-based pricing will foster greater competition among insurers and increase the availability of property insurance in disaster-prone areas..."
The Insurance Journal
"The National Association of Mutual Insurance Companies (NAMIC) has adopted a statement on natural disasters that asserts a flexible regulatory environment in which insurers are free to price coverage based on risk will create incentives for property owners in high-risk areas to invest in loss mitigation measures. NAMIC contends that only risk-based pricing will foster greater competition among insurers and increase the availability of property insurance in disaster-prone areas..."
posted by AVRECO at 10:07 AM
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