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Insurers have taken a beating in Congress and the press for allegedly dumping claims involving properties damaged in Hurricane Katrina on the National Flood Insurance Program, which in fact might have been wind-related and should have been paid by private homeowners carriers. While two federal investigations failed to come up with any evidence supporting such charges, one insurer testifying on Capitol Hill offered a solution that might make the point moot in future storms. I am curious what you make of it.Recommended Stories
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The Future of P&C Insurance: The Race to Contain Costs Amid Rising Catastrophic Losses
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Revolutionizing Claims Processing: How a Leading Insurer Transformed Water Mitigation Reviews
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