Policy Documents

Industry to Congress: Private Market is the Best Solution on Natural Disasters, But Some Say Federal Help Needed

PCI, IIABA, AIA, RAA, III, NAMIC –
April 11, 2007

The private insurance marketplace, not the federal government, is the best vehicle to address coastal insurance issues and natural disasters in the U.S., according to insurers. Even so, the federal government can play a role in efforts to reduce affordability and availability problems in coastal regions, agreed some insurers and agents.