After issuing a formal white paper on the subject last week, Travelers Companies Inc. also issued a request—to let an independent federal commission regulate rates for hurricane wind coverage.
The report was distributed at the Southeastern Commissioners’ Conference “Catastrophe Preparedness & Insurance Forum” in Biloxi, Miss., last week, where Brian MacLean, Travelers president and COO, outlined the detailed set of principles designed to provide the private market with a solution to the coastal insurance crisis.
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