I have noticed that the opinions that are against the idea tend to be from the “I hate Hillary” crowd and not much more on the pros and cons of the bill. Are there any real thoughts out there?
Scott,
The population is split between inland and coast. And, the way insurance companies charge premiums, they spread the risk or cost of it across all insureds.
good point, Scott, but most of us sane individuals get slightly insane at the thought of Hillary messing with laws affecting the insurance industry. bear with us: we are just human and are aware of what and who she is, and what she stands for. and besides hating Hillary, I hate the concept of the bill, too.
Brian, But they’re lending money to the states. Does that mean they will be reinsuring and pooling amongst states, the insurance companies or the state plans?
A point that people seriously seem to be missing here, “The Consortium program would ALLOW multiple states to pool their catastrophic risk…etc”
Please note that ALLOW, this legislation does not say a State MUST put into this pool. I can see the coastal states that have a hurricane exposure putting into the pool but Nebraska will probably say no thanks.
By the way, does Nebraska even have a wind pool? As they are not truely subject to any major natural disasters (meaning hurricanes), most insurance companies would probably not exclude Wind as a cause of loss.
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is for the repeal of the National Firearms Act of 1934 (NFA) & Gun Control Act of 1968.
… ever since she took out the mortgage on Bill’s manhood.
They are not any worse than the fine pair we have leading our country!!
the same old communism they’ve been spreading for years.
Nebcat, you just keep on trying to convince yourself of that.
I have noticed that the opinions that are against the idea tend to be from the “I hate Hillary” crowd and not much more on the pros and cons of the bill. Are there any real thoughts out there?
Scott,
The population is split between inland and coast. And, the way insurance companies charge premiums, they spread the risk or cost of it across all insureds.
good point, Scott, but most of us sane individuals get slightly insane at the thought of Hillary messing with laws affecting the insurance industry. bear with us: we are just human and are aware of what and who she is, and what she stands for. and besides hating Hillary, I hate the concept of the bill, too.
Brian, But they’re lending money to the states. Does that mean they will be reinsuring and pooling amongst states, the insurance companies or the state plans?
A point that people seriously seem to be missing here, “The Consortium program would ALLOW multiple states to pool their catastrophic risk…etc”
Please note that ALLOW, this legislation does not say a State MUST put into this pool. I can see the coastal states that have a hurricane exposure putting into the pool but Nebraska will probably say no thanks.
By the way, does Nebraska even have a wind pool? As they are not truely subject to any major natural disasters (meaning hurricanes), most insurance companies would probably not exclude Wind as a cause of loss.