BOSTON–The head of the Property Casualty Insurers Association of America warned lawmakers against overreacting to market disruptions with government-run substitutes for disaster coverage that he said will do consumers more harm than good.

“The danger of overregulation is clear,” David A. Sampson, PCI's new president and CEO, said here during his first public address at the group's annual conference.

Mr. Sampson described the industry as one that is misunderstood and seen by many consumers as the enemy.

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