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The government would pay for claims exceeding that limit.
Claims exceeding the ceiling would be owed in subsequent years.
They would also encourage reinsurance programs, under which states pay a large share of claims exceeding some threshold.
Still, the report of a decline in manufacturing in the Philadelphia area and the fifth consecutive week of unemployment claims exceeding 400,000 were reminders that the mere threat of war has probably slowed economic growth.
In the same week, the Labor Department said six states reported a decrease in claims exceeding 1,000 or more, led by Wisconsin with 6,862 fewer claims in the construction and service industries, and manufacturing.
In the week ended Jan . 8 the latest week for which state-by-state figures were available, the department said 32 states reported an increase in claims exceeding 1,000 or more, led by California with 21,599 more claims.
Similar(52)
Yet sometimes its claims exceed its reach.
This lapsed as overtime claims exceeded budgets.
If claims exceed $100 billion, Congress would decide how to pay them.
If claims exceed $100 billion, Congress would determine how they would be paid.
Both the reinsurance and large liability coverage typically kicked in at high levels, often after claims exceeded $100 million.
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CEO of Professional Science Editing for Scientists @ prosciediting.com