Today is Friday, 8th November 2024

FL: AG Wants Reinsurance Backstop

“The Federal Government already extends billions of dollars in taxpayer-supported assistance to national disaster areas,” he says in remarks distributed in a news release. “By creating a federal backstop, it will assure that more property losses from windstorm, or earthquakes or other national disasters, are covered by private insurance, thereby reducing potential taxpayer costs.”

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