P/C insurers would get incentive to take on wind risk under Ala. bill

03/19/2012 | PropertyCasualty360

Property/casualty insurers would receive a $2.5 million incentive for taking over wind risks from the Alabama Insurance Underwriters Association under a bill introduced by state Rep. Randy Davis. The Property Casualty Insurers Association of America supports such a measure, said Chris Hackett, the group's director of personal-lines policy. "This promotes a healthy and competitive insurance market," Hackett said.

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