Washington--The Consumer Federation of America is calling forcaution as the pressure builds on Congress to create a federalsupport system for insurance losses due to large naturalcatastrophes.
CFA noted an increase in calls for such a backstop, includinglegislation introduced in the House and an advertising campaign byAllstate==the organization released a set of standards it saidshould form the basis of any new federal program.
"The federal government does not have a good record of settingup insurance programs that are well-run, so Congress needs to bevery cautious when considering another plan to back up theinsurance industry," said J. Robert Hunter, CFA insurancedirector.
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