Another loss area thet the government shouldn’t be sticking their nose in.
When will it stop….The government constantly bailing out insurance companies so that their officers can make huge bonus’?
GAO’s conclusions are ridiculous, as they make no distinction between costs of a fixed nature and the direct costs associated with an increase in claims adjusting activity after a major event. GAO’s recent work on the NFIP seems sloppy and driven by a Gene Taylor-ish agenda.
chrome,
You don’t have any idea what you’re talking about. While there are many issues involving FEMA and how responsive they have been in the past and how inefficient they are, the gov’t had to get involved in this program in order to offer aa product that applies to only a small percentage of the population relative to the entire universe of insureds that would buy property insurance.
There wouldn’t be a bailing out of anything, as the insurance companies don’t write primary flood.
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Another loss area thet the government shouldn’t be sticking their nose in.
When will it stop….The government constantly bailing out insurance companies so that their officers can make huge bonus’?
GAO’s conclusions are ridiculous, as they make no distinction between costs of a fixed nature and the direct costs associated with an increase in claims adjusting activity after a major event. GAO’s recent work on the NFIP seems sloppy and driven by a Gene Taylor-ish agenda.
Not called the GOVERNMENT Accounting Office for nothing! Now let them fix it!
There was never coverage for Flood before the goverment set up the program. Do you know anything about insurance at all?
chrome,
You don’t have any idea what you’re talking about. While there are many issues involving FEMA and how responsive they have been in the past and how inefficient they are, the gov’t had to get involved in this program in order to offer aa product that applies to only a small percentage of the population relative to the entire universe of insureds that would buy property insurance.
There wouldn’t be a bailing out of anything, as the insurance companies don’t write primary flood.