WASHINGTON--Insurance industry groups appearing yesterday at a House Financial Services Subcommittee hearing argued vigorously against an increased government role for insurance against natural catastrophes.
At the hearing, members of Congress, including three representatives from Florida and Rep. Gene Taylor, D-Miss., appeared as witnesses to describe insurance problems facing homeowners along the Gulf and Atlantic Coasts and to give their views on how the government can help ease the situation.
Rep. Taylor, who filed a lawsuit against State Farm over the handling of his own Hurricane Katrina claim , which has been settled, has been among the most ardent critics of the insurance industry since that storm.
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
Already have an account? Sign In Now
© 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.
