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NYC Leaves Billions in Sandy Aid Unspent, Adding to Risks

New York City has only spent 54% of the $14.7 billion in already-approved U.S. funds for recovery and storm-protection following 2012’s Hurricane Sandy, according to city Comptroller Scott Stringer. The unspent money from the Federal Emergency Management Agency and the … Source: Claims Journal

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Michigan Senate Approves Plan to Cut Car Insurance Rates

LANSING, Mich. — Michigan’s Senate passed legislation Tuesday aimed at cutting the country’s highest average auto insurance premiums by eliminating a requirement that drivers buy unlimited medical benefits to cover crash injuries. No other U.S. state has such a mandate. … Source: Claims Journal

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