GOP Offers Scaled-Back Emergency Disaster Aid Bill
"This proposal is not even within the ballpark of what
"We welcome a vote, but it has no chance of passing the
Some Republicans have expressed concern the emergency aid package was put together without benefit of extended review, and consists of a few projects they say may not be needed, the Times said. Republicans also said federal aid should be distributed in installments instead of one lump sum since states can only spend so much money at one time.
Hurricane Sandy, which became a superstorm after making landfall in
The range of the claims estimate is consistent with insurance industry losses of between
The insurance market said its exposure would not cause it financial stress.
"The Lloyd's insurance market remains financially strong and, while claims from this storm could still evolve over time, the market's total exposure is well within the worst case scenarios we model and prepare for," Lloyd's Chief Executive Officer
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