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N.Y. Proposes 'Rainy Day' Catastrophe Insurance Fund With Eventual Tax Break

East News • October 5, 2007
Insurance companies providing homeowners, business and other property insurance in New York State would be required to create a catastrophe reserve fund to help pay claims caused by hurricanes and ...

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Subject: Learn something new every day

Posted On: October 5, 2007, 10:12 am CDT
Posted By: lastbat
Comment:
I thought (stupidly I find out) that insurance companies had rainy-day funds for catastrophic losses. I applaud NY for taking the lead in getting this set up. There's no reason to not have reserves and no reason to tax them when properly designated. Good stuff; hope it works.
Subject Posted By Posted On
another point of view another actuary
Oct 30, 2007, 2:10 am
RE: RE: Rainy Day Fund an actuary
Oct 9, 2007, 7:15 am
RE: Rainy Day Fund lastbat
Oct 8, 2007, 11:27 am
Rainy Day Fund gary
Oct 7, 2007, 1:18 pm
RE: Superintendent Dinallo (and Spitzer Administration) miss Temblor
Oct 6, 2007, 7:49 am
Superintendent Dinallo (and Spitzer Administration) misses t CCD
Oct 5, 2007, 4:05 pm
RE: RE: Why stop with insurance companies? DC
Oct 5, 2007, 2:52 pm
RE: Why stop with insurance companies? P Funk
Oct 5, 2007, 1:18 pm
Questions? Sam
Oct 5, 2007, 12:49 pm
Why stop with insurance companies? DC
Oct 5, 2007, 11:16 am
Learn something new every day lastbat
Oct 5, 2007, 10:12 am
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