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AIA speaks out against catastrophe bills

20 April 2010

Leigh Ann Pusey, president and CEO of the American Insurance Association, has sent a letter to the House Financial Services Committee expressing support for a long-term reauthourisation of the National Flood Insurance Program and opposition to two catastrophe-related bills.

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Leigh Ann Pusey, president and CEO of the American Insurance Association, has sent a letter to the House Financial Services Committee expressing support for a long-term reauthourisation of the National Flood Insurance Program (NFIP) and opposition to two catastrophe-related bills.

On Thursday, April 22 2010, the House Financial Services Committee is scheduled to mark-up several bills including the Homeowners Defense Act (HR 2555) to ensure the availability and affordability of homeowners' insurance coverage for catastrophic events; the Multiple Peril Insurance Act of 2009 (HR 1264) to...


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Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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