LOS ANGELES -- Gov. Pete Wilson of California has signed legislation that will delay until 1992 a novel earthquake insurance plan that could be funded by a large revenue bond issue.

The program had been scheduled to start this month under a law passed last year. But implementation has been postponed to Jan. 1, 1992, to ensure that the plan is properly funded.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.