Industry observers to FIO: support private reinsurers
Eli Lehrer, president of industry think-tank R Street Institute, says any federal reinsurance mechanism that would displace private reinsurance “would have the effect of concentrating risk within the borders of the United States, rather than dispersing it through the global reinsurance market.”
“Governments are intrinsically ill-suited to providing property reinsurance,” Lehrer further argues in his letter.
