The Republicans last week adopted language in their platform calling for a "national disaster insurance policy," following an earlier vote by the Democratic Party to back a national catastrophe fund, despite the fact that Sen. John McCain is on record opposing any federal backstop.
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–hreatening 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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