TITLE

Senator Forecasts Cloudy Outlook for National Cat Fund

AUTHOR(S)
Lehmann, R. J.
PUB. DATE
March 2008
SOURCE
Best's Review;Mar2008, Vol. 108 Issue 11, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
31203349

 

Related Articles

  • Industry Balks At House Bill To Boost State Disaster Funds. Brady, Matt // National Underwriter / P&C;10/1/2007, Vol. 111 Issue 36, p7 

    The article reports on the move of the U.S. House of Representatives' Financial Services Committee to pass a legislation that allows the nation to help states support their catastrophe reserves. Entitled Homeowners Defense Act of 2007, the legislation would establish a consortium that will allow...

  • Senator Seeks To Bridge Wind Vs.Water Disputes. Postal, Arthur D.; Gusman, Phil // National Underwriter / P&C;8/2/2010, Vol. 114 Issue 27, p7 

    The article reports on the compromise bill of U.S. Senator Roger Wicker that seeks to bridge the gap over wind-versus-water damage claims. It states that a wind-versus-water claim arose and the National Flood Insurance Program (NFIP) and wind insurers did not agree on how to divide the loss,...

  • P/C insurers mounting strong effort for legislation to protect beneficiaries of settlements from predators.  // Insurance Advocate;01/16/99, Vol. 110 Issue 3, p20 

    Reports on efforts by property-casualty insurers in the United States to lobby state laws to ensure that injured victims are protected from companies seeking to buy injury compensation settlements at sharp discounts. American insurance Association's petition to require advance court approval...

  • Federal Disaster Bill Sidetracked In U.S. House. Brostoff, Steven // National Underwriter / Property & Casualty Risk & Benefits Manag;06/26/2000, Vol. 104 Issue 26, p1 

    Reports on a legislation that would create a federal role in the catastrophe insurance market at the United States House in 2000. Overview of the proposal; Delay in the hearing for the bill; Stance of the insurance industry on the issue.

  • House bill would create pool for catastrophe reinsurance. Hofmann, Mark A. // Business Insurance;6/19/95, Vol. 29 Issue 25, p2 

    Reports on the US House's introduction of the Natural Disaster Protection Partnership Act of 1995, a bill providing for the establishment of a catastrophe reinsurance fund. Nonprofit private firms' management of the fund; Losses covered; Eligibility requirements.

  • House committee approves disaster bill. Brostoff, Steven // National Underwriter / Property & Casualty Risk & Benefits Manag;07/20/98, Vol. 102 Issue 29, p4 

    Reports on the United States House Banking Committee's approval of legislation creating a federal role in insuring natural disaster losses. Sale of disaster reinsurance contracts by the Treasury Department under the legislation; Amendments adopted during the Committee's consideration of the bill.

  • Natural disaster bill debated.  // Business Insurance;7/22/96, Vol. 30 Issue 30, p2 

    Reports on the efforts of the proponents of a bill designed to make natural disaster insurance more available to get the measure to the Senate floor despite President Bill Clinton administration's opposition. Important aspects of the Natural Disaster Protection and Insurance Act; Key White...

  • Natural or supernatural?  // State Government News;May97, Vol. 40 Issue 4, p17 

    Reports that Arkansas Governor Mike Huckabee only signed into law a bill allowing disaster victims to keep their insurance after a change in the phrase `acts of God,' which is used to describe natural disasters. Huckabee's basis in opposing the phrase; Lawmakers who challenged Huckabee's...

  • Florida lawmakers propose state catastrophe program.  // Best's Review / Property-Casualty Insurance Edition;Dec93, Vol. 94 Issue 8, p6 

    Reports on the agreement of Florida legislators on the outlines of a state catastrophe reinsurance fund. Reconciliation of differences between House and Senate bills; Payment of claims by the catastrophe fund; Endorsement of the House bill by the Allstate Insurance Company.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics