H.R. 846, a bill introduced in the House, would provide a federal reinsurance facility to enhance availability of homeowners insurance despite catastrophic loss exposures. Introduced before Hurricane Katrina hit, the bill is now attracting more attention. Bill Summary & Status
According the the summary by the Congressional Research Service, the bill calls for the creation of a Disaster Reinsurance Fund and a National Commission on Catastrophe Risks and Insurance Loss Costs.
Posted by dougsimpson at September 26, 2005 06:49 PM