Donelon to Co-Host Public
Hearing on Coastal Insurance Issues
Released: September 20, 2007
Commissioner of Insurance Jim Donelon and state regulators
from Alabama, Florida, Mississippi and South Carolina will
host a public hearing next week on insurance issues affecting
the Gulf Coast.
The event is sponsored by the National Association of Insurance
Commissioners (NAIC) and will be held on Monday, September
24 in Mobile, Alabama.
Donelon says he and his fellow
NAIC Southeastern Zone commissioners want to hear from the
public and insurance company representatives
about their concerns with the insurance market in the Gulf
Coast. "We know the challenges we're currently facing," says
Donelon. "We want to work together to find solutions
to the availability and affordability problems all of our
states are experiencing."
NAIC President and Alabama Insurance
Commissioner Walter Bell says one of the goals of the hearing
is to seek input
on the steps insurance regulators will take to help ensure
stability in the coastal insurance market. "We face common
problems that call for a collective solution," Bell added.
Scheduled to offer comments are Alabama Congressman Jo Bonner
and representatives from Travelers, State Farm, Renaissance
Re, the Municipal Bond Insurance Association and ProtectingAmerica.org.
The public hearing will begin at 9 a.m. on Monday, September
24 at The Battle House Renaissance Hotel, 26 N. Royal Street
in Mobile, Alabama.