Public Hearing on Coastal Insurance Scheduled Today in AL

National Association of Insurance Commissioners (NAIC) President and Alabama Insurance Commissioner Walter Bell, along with other members of the NAIC’s Southeastern Zone, is holding a public hearing to address insurance issues in coastal zones.

Published on September 24, 2007

Bell will be joined by state insurance regulators from Florida, Louisiana, Mississippi and South Carolina.

"There are pressing needs in the Gulf states. Rates are rising and many consumers are having their policies canceled or non-renewed," Bell said in a statement. "Our goals are to seek input from companies on their plans to promote affordability and availability of insurance for America's consumers -- as well as bring stability to the coastal insurance market."

Officials from Travelers, State Farm, RenaissanceRe, Municipal Bond Insurance Association (MBIA) and ProtectingAmerica.org are scheduled to provide testimony.