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Thursday, June 18, 2015
The new Federal Insurance Office has issued its first annual report
As an attorney practicing on the ground in insurance coverage issues, I didn't find much of interest. It is a combination of too specific (wind speed of Hurricane Sandy) and too general ("insurers and reinsurers may try to modify business models to reduce exposure to certain catastrophic risks," but no discussion of what those modifications may be or if the government should take any position with respect to such modifications) to be of much help.
You can see the report here.
