In a survey of the top dogs attending last month’s Property-Casualty Insurance Joint Industry Forum, all but three of the 100 responding said Congress would not adopt a National Catastrophe Insurance Plan this year. “I voted three times,” quipped Ed Liddy, chairman, president and CEO of Allstate, which is aggressively pushing an ambitious catastrophe initiative.

Allstate’s proposal would establish a federal catastrophe reinsurance fund to back up state facilities. It would be prospectively funded by private carriers paying actuarially sound rates, insists Mr. Liddy.

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