Federal catastrophe insurance plan faces major opposition; state initiatives sprouting

June 2007
Hill;6/28/2007, Vol. 14 Issue 79, p25
The author reflects on the issue of catastrophe insurance plan in the U.S. He points out that the issue has affected many members of the Congress, the administration, and even some parts of the insurance industry. He notes that states have largely been left to their own programs in addressing the property insurance crisis that has affected coastal states in the wake of the 2005 hurricane season. He adds that the House Financial Services Committee chairman Barney Frank comments on the issue.


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