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COPYRIGHT 2005 The Miami Herald
Byline: Mary Ellen Klas
Aug. 31--As the nation's insurers quiver with uncertainty about the damage toll from Hurricane Katrina, the calamity has renewed interest in a national solution to insuring losses from mega-catastrophes.
Insurance commissioners from dozens of states were scheduled to discuss that issue at a symposium on Sept. 10. Location: New Orleans.
The meeting has been canceled, but regulators say the urgency of the issue has accelerated.
"We definitely have an interest, and a growing interest, in how we can finance catastrophic risk in view of the changes in weather patterns," said Tim Wagner, Nebraska's director of insurance and chairman of the National Association of Insurance Commissioners.
That is a big statement from...
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