Legislation establishing a bipartisan commission to help the federal government prepare and manage responses to national disasters has been introduced in the House.

The bill, H.R. 5891, the Catastrophic Disaster Risk and Insurance Commission Act, would create a 17-member panel that would include an independent insurance agent as part of the commission.

The legislation is a companion bill to the Commission on Natural Disaster Risk and Insurance Act, introduced in the Senate by Sen. Bill Nelson, D-Fla., and Sen. Mary Landrieu, D-La., in May.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.