Regulators from four big states ended their suburban San Francisco “summit” to draw up a national catastrophe insurance program by announcing tonight they had agreed on a wide-ranging outline, but not the specifics.

California Insurance Commissioner John Garamendi said the basic underpinnings included requiring individual property owners to take steps to mitigate risk, asking the private insurance and reinsurance sector to provide a guaranteed all perils personal line catastrophe policy, and involving state and federal governments to provide a backstop for insurers.

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