Despite the extremely, and blessedly, quiet hurricane season of 2013, the insurance industry has received “regulatory reminders” this year not only about what states are empowered to do in the event of a catastrophic event, but also what they most likely would do in implementing emergency measures.
As might be expected, much of what was issued recently comes from those states most impacted by Superstorm Sandy. Insurers may want to take note of these recent guidance and reminder documents and consider assessing their own emergency response plan in light of possible regulator plans and expectations.
Established Mediation Programs
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