Some industry experts say the insurers also fear that a drive for federal backing for hurricane insurance could backfire and threaten the terrorism insurance program.
And because the mine had received strong provincial and federal backing, the disaster promises to become a hot political issue.
Stewart sought federal backing of the bonds, but Prime Minister Arthur Meighen declined.
In many fields such as mathematics, computer science and the social sciences, NSF is the major source of federal backing.
It said that an additional $600 million worth of concessions and other benefits was contingent on its receiving the federal backing.
Due to the expectation of federal backing, these securities historically hold the highest credit rating possible.
But in August 2004, Governor Romney appeared to express support for expanded federal backing of embryonic work.
The restoration was an elaborate operation requiring federal backing secured by Congressman Rangel.
The scammers acquired more than 500 buildings with federal backing, then dumped them, leaving boarded-up and derelict homes in areas that were struggling to rebuild.
Maybe they've even got themselves federal backing.