Orlando, Fla.–Efforts to win regulator support for a controversial national catastrophe insurance program for big disasters were put on hold here after the proposal drew objections.

The National Conference of Insurance Commissioners decided to delay any preliminary approval of the natural mega-catastrophe risk cover program concept for a few weeks while the group weighed new objections to the controversial plan.

Still, Florida Commissioner Kevin McCarty, chair of the NAIC Natural Catastrophe Working Group and prime author of the plan, said he was pleased with its progress.

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