Insurers’ study warns on North Carolina Beach Plan deficit
Wednesday, October 22nd, 2008 Auto Catastrophe PropertyThe Property Casualty Insurers Association of America unveiled results of an independent report which found that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to weather a major storm. PCI commissioned Milliman Inc. to conduct the actuarial analysis to provide lawmakers, consumers and insurers with an objective tool for implementing long-term solutions in the state’s precarious property insurance system.
External References & Further Reading
http://www.insurancejournal.com/news/southeast/2008/10/21/94845.htm
