ORLANDO–The nation's insurance regulators hope to have proposals for a federal catastrophe program ready by the start of 2007 at the latest, according to Florida Insurance Commissioner Kevin McCarty, speaking at an industry conference here.

Mr. McCarty said the National Association of Insurance Commissioners has continued to work both within itself and with members of Congress to enact legislation designed to reduce the exposure to damages from a catastrophe and speed up the recovery afterward.

Mr. McCarty made his comments during a Sunday morning session of the “Form 500″ that opened the annual meeting of the American Council of Life Insurers.

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