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Connecticut officials rejected all 94 homeowner applications for federal money related to a Superstorm Sandy grant, deciding instead to use the funds on storm-infrastructure projects for shore towns.
Manufactured homes comprise almost 20% of the market in states like South Carolina. But aging stock and more natural disasters can make insurance coverage tricky.
Arthur J. Gallagher saw fourth-quarter net earnings jump to $60 million, compared to $33.5 million in 2012s fourth quarter, as revenues increased to $890.2 million for the quarter, compared to $673.2 million for the same period in 2012.
The U.S. House of Representatives passed a nearly $1 trillion farm bill on Wednesday that cuts food stamps and ends a direct subsidy to farmers, while expanding government-backed crop insurance programs.
Sales of catastrophe bonds, used by insurers as a way of selling on their exposure to natural disasters, are close to levels last seen before the financial crisis, new data shows.
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