The chief executive officer of London-based Willis brokerage called yesterday for development of a national plan to support insurers and protect the nation's economy from a worst-case natural or man-made disaster.

Joe Plumeri, chairman and CEO of Willis Group Holdings, urged that action in a talk yesterday at the Real Estate Roundtable in Washington.

He said that while the industry was able to deal with last year's catastrophes, there is not enough capacity available in, what he dubbed, “This New Era of Risk.”

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