Senator Forecasts Cloudy Outlook for National Cat Fund

Lehmann, R. J.
March 2008
Best's Review;Mar2008, Vol. 108 Issue 11, p12
Trade Publication
The article reports on the feedback of U.S. Senator Mel Martinez of Florida concerning the bill which will create a federal backstop and reinsurance mechanism covering catastrophic natural disasters. Martinez asserts that the bill will have a little chance to be approved due to apathy and lack of understanding. It has been noted that the said measure would grant regulatory authority over most aspects of surplus lines insurance transactions to home state of the insured.


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