Wednesday, October 22nd, 2008 — The 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.