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McCain Opposes National Cat Fund

WASHINGTON--Republican presumptive presidential candidate John McCain voiced opposition to a bill proposing a national risk pool for natural catastrophes, and a Florida Democratic congressman rebuked h

By Arthur D. Postal | Updated on August 19, 2008

WASHINGTON–Republican presumptive presidential candidate John McCain voiced opposition to a bill proposing a national risk pool for natural catastrophes, and a Florida Democratic congressman rebuked him for his comments.

The issue arose yesterday, when the Arizona senator, while traveling on his campaign bus in Florida, said while he sympathizes with homeowners battered by soaring insurance costs, he was not prepared to endorse a national risk pool as a way to bring those prices down.

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