Senate approves creation of catastrophic risk panel

08/2/2007 | PropertyCasualty360

The Senate has approved a bill creating a 16-member panel to look into whether individual states and the insurance industry are prepared to handle the challenges of major natural disasters. June Holmes, PCI's interim CEO, supported the move, saying "PCI believes that developing and enacting effective public policy to address future natural catastrophes is one of the most significant issues facing the insurance industry."

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