The Republicans adopted language in their platform this week calling for a “national disaster insurance policy,” following an earlier vote by the Democratic Party to back a national catastrophe fund.
The plank was added just after Hurricane Gustav stormed through a number of disaster-prone states that had been devastated by Hurricane Katrina three years earlier, and with another storm–Hanna–threatening Florida, Georgia and South Carolina.
However, it is not yet clear exactly what “policy” the Republicans have in mind–although it's more than likely a free-market approach, lobbyists speculated, as opposed to an actual insurance policy.
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