The association is urging lawmakers to consider the long-term cost to carriers and policyholders alike
As wildfires continue to devastate western states, a growing trend among state legislatures is raising red flags in the insurance industry.
According to Neil Alldredge (pictured), president and CEO of the National Association of Mutual Insurance Companies (NAMIC), efforts by utility companies to obtain legal immunity from wildfire-related liabilities could have sweeping consequences for insurers, policyholders, and state economies.
“This is a major problem,” Alldredge …