Members of the National Conference of Insurance Legislators were unable to bring a resolution supporting a natural catastrophe backstop system to a vote last week but will continue to debate the issue at the group's next meeting in July.
At a hearing on catastrophic insurance issues, members of NCOIL said they would delay a possible vote on the resolution to allow insurance industry officials to provide state legislators with detailed statements outlining their views on the legislation.
Florida State Sen. Steve Geller, D-Hallandale Beach, who chairs NCOIL's subcommittee on Natural Disaster Insurance Legislation, noted in bringing the matter up for debate that he has been making the effort to get a resolution passed "for about six years now," and added jokingly that "it seems to be that we'll pass it out of the subcommittee when the Messiah comes."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© 2025 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.
