For Immediate Release
Contact: Michael Ortiz
WASHINGTON, D.C. - U.S. Senator Barack Obama today released the following statement after he cosponsored the Homeowners' Defense Act, which would help stabilize insurance rates by creating a National Catastrophe Insurance program.
"Every year, American families throughout the country suffer catastrophic losses due to hurricanes, earthquakes, or other natural disasters, and our existing insurance infrastructure is severely strained. We must do everything we can to ensure that American families have access to the resources they need in the wake of catastrophes to rebuild their homes, their communities, and their lives. I am proud to join Senators Hillary Clinton and Bill Nelson in cosponsoring this legislation."
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