An insurance availability task force appointed by Nebraska Insurance Director L. Tim Wagner should help improve the market for Nebraska consumers, according to the National Association of Independent Insurers (NAII).
NAII Counsel Ann Weber commended Wagner for creating the task force and appointing responsible insurance representatives to serve on it.
“This task force can be expected to develop solid recommendations for reducing costs and improving insurance availability for consumers,” she said.
“One current issue that could impair availability would be enactment of a valued policy bill, Legislative Bill 58, that is now being considered in the state legislature. This bill would require contents to be included in determining the value of a home that is totally destroyed. But since it would be difficult to determine that value, LB 58 might discourage companies from insuring homes.”
The task force is expected to look into a number of insurance markets, including homeowners, medical professional liability, agribusiness and liability insurance.
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