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New Pressure for Cat Fund Seen

With politicians in coastal states facing "white hot" pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late

By Steve Tuckey | Updated on February 20, 2007

With politicians in coastal states facing “white hot” pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late last week.

Morgan Stanley property-casualty analyst William Wilt said that a conference call with a leading Florida lawmaker on insurance matters has convinced him that 2008 presidential hopefuls will face increasing pressure to support such a program.

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