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NAIC Examines Mega-Catastrophes

The Catastrophe Insurance Working Group of the National Association of Insurance Commissioners recently published a white paper on Catastrophe Risk Management for the U.S. Economy.

By staff Writer | Updated on August 30, 2005

The Catastrophe Insurance Working Group of the National Association of Insurance Commissioners recently published a white paper on Catastrophe Risk Management for the U.S. Economy. The paper explores the impact of mega-catastrophes and the possible ways to address their challenges. For purposes of the white paper, a mega-catastrophe is an insured catastrophic event of a magnitude that would affect the ability of the U.S. insurance industry to carry on its everyday activities.

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