The National Conference of Insurance Legislators put off any action on endorsing a national mega-catastrophe risk program at the group's summer meeting in Boston last weekend.
Florida State Sen. Steve Geller, D-Hallandale Beach, had successfully urged the subcommittee he chairs to approve a discussion paper jointly developed with the National Association of Insurance Commissioners.
But while panel members heeded Sen. Geller's advice, the parent Property-Casualty Committee ultimately decided to keep the issue in the lower committee while other members worked out disagreements.
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