Discussions regarding the creation of a "Natural Catastrophe Risk Plan" (previously reported here) have intensified recently.

• NAMIC (National Association of Mutual Insurance Companies) recently issued a statement that mentioned the recent filing of a class action lawsuit by homeowners with "All Perils" policies.

NAMIC Warns Regulators All-Perils Policy Could Worsen CAT Problems

• The Property Casualty Insurers Association of America expressed strong reservations about the plan

Property Casualty Insurers Association of America

• Members of Congress are calling on the federal government to create a nationwide federal reinsurance fund for catastrophic insurance.

The Homeowner's Insurance Protection Act of 2005

• New York Insurance Superintendent Howard Mills stated that it will take another major natural disaster before Congress sits down and seriously discusses forming a national catastrophe program.

Mills: CAT Fund Outlook Appears Bleak

• James Lee Witt, former FEMA director and co-chair of ProtectingAmerica.org states that there is an urgent need for a comprehensive, national response mechanism for catastrophes that would include a national catastrophe fund

Former FEMA Director Witt Advocates Need for National CAT Fund

• ProtectingAmerica.org, an organization campaigning for a federal catastrophe fund, responds to critics of the plan.

CAT Fund Backers Clash With AIA