New York--New York Insurance Superintendent Howard Mills saidtoday it will take another major natural disaster before Congresssits down and seriously discusses forming a national catastropheprogram.
Mr. Mills' comments came during the 14th Annual ProfessionalInsurance Agents of New York State's Metropolitan RegionalAwareness Program and included news of his department's new plansfor industry oversight.
In remarks after his speech Mr. Mills said, "Chances are notgood right now for passage of a national catastrophe plan...It willtake another cycle of natural catastrophes before people realizesome change is needed."
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