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NAMIC Survey Analyzes New Insurance Laws

According to David Reddick, NAMIC's associate director of public policy, 10 states enacted 17 catastrophe-related bills last year, compared to three states in 2005. The three states that passed bills

By Staff Writer | Updated on March 02, 2007

According to an annual survey conducted by the National Association of Mutual Insurance Companies , catastrophe-related state laws rose considerably last year.

According to David Reddick, NAMIC’s associate director of public policy, 10 states enacted 17 catastrophe-related bills last year, compared to three states in 2005. The three states that passed bills last year included Louisiana (following Hurricanes Katrina and Rita), Florida, and Hawaii, which each passed resolutions calling for creation of a national catastrophe fund. Reddick added that state lawmakers already are on pace to equal or exceed last year’s total.

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