WASHINGTON--The American Insurance Association said it will lobby Congress over legislation concerning affordable property insurance, an optional federal charter for insurers and comprehensive flood insurance reform.

Mark Racicot, AIA's president, said that "2008 is shaping up to be another active year for the property-casualty industry."

Mr. Racicot said one topic "likely to receive substantial attention from lawmakers is property insurance, especially for those homeowners living in coastal areas that have been impacted by recent hurricanes."

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