On a side note, the article didn’t specify hurricanes… just Natural disasters. Do you think California would like to put their earthquake exposure into this pool? Or how about Hawaii’s volcanos and their tropical storms?
Wondering, she never did. The post from Joe is just your typical neo-kkkon response from a hater with blinders on and no brains. Since Joe has knows nothing and has nothing productive or constructive to add it’s best to ignore his erronenous post.
When I heard our own Barney Frank was going to solve the insurance availability crisis, I knew we could all rest more easily. Seriously, the problem began with taxpayer subsidized NFIP insurance to overdevelop our coasts. Continued government intervention will corrupt the natural pricing mechanism again: capital markets figured out how to price reinsurance and solve the capacity problems of two years ago. The problem today lies with people who moved to the coast under the false assumption that spread of risk means subsidizing their insurance costs by their inland neighbors. Here in MA, we have a huge problem with our FAIR Plan – largest, still fastest growing “company” in the state because of this government intervention. Let the markets solve this, lest it get worse again.
See my prior comment to WooWooWoo, but I think it applies to everyone. Let’s keep this discussion insurance related and take the political talk elsewhere unless it relates.
However, we as insurance professionals, and everyone else as consumers of insurance, have a great deal to gain/lose by the actions of elected representatives.
Politicians play by different rules and adhere to different standards than does business: their goals, by and large, are re-election and advancement of sometimes misguided and disproven ideology; many will say or do that which is necessary to reach those goals. Political power is far different and more dangerous than economic power, if only because a consumer can choose to take his/her business elsewhere, while bad public policy is forever.
While we focus on a plan to regionalize cat risks on a voluntary (I hope) basis, the Treasury will be free to recharge depleated state reinsurance programs after cat losses. One question–where does the “loan” come from? Why, it comes from the US Treasury, filled with tax dollars collected from across the entire USA. Of course the Treasury could also just print more money…..and stoke the fires of inflation.(pretty dramatic, eh?)
While sitting through a Midwest winter, I am “warmed” by the knowledge that people in Florida/Tx/La/MS/Al etc will be able to rebuild on the coast.
BTW, I don’t hate Hillary, however, for those of you old enough to have voted for Bill, do you not remember we elected them as a ‘team’?? Was that not why Hillary was “appointed” to design and jam an ill conceived health care plan through a reluctant Congress? If you don’t think she was sitting right next to Bill while the pardons were signed, you my friend are sadly mistaken.
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On a side note, the article didn’t specify hurricanes… just Natural disasters. Do you think California would like to put their earthquake exposure into this pool? Or how about Hawaii’s volcanos and their tropical storms?
Wondering, she never did. The post from Joe is just your typical neo-kkkon response from a hater with blinders on and no brains. Since Joe has knows nothing and has nothing productive or constructive to add it’s best to ignore his erronenous post.
When I heard our own Barney Frank was going to solve the insurance availability crisis, I knew we could all rest more easily. Seriously, the problem began with taxpayer subsidized NFIP insurance to overdevelop our coasts. Continued government intervention will corrupt the natural pricing mechanism again: capital markets figured out how to price reinsurance and solve the capacity problems of two years ago. The problem today lies with people who moved to the coast under the false assumption that spread of risk means subsidizing their insurance costs by their inland neighbors. Here in MA, we have a huge problem with our FAIR Plan – largest, still fastest growing “company” in the state because of this government intervention. Let the markets solve this, lest it get worse again.
Mary B.:
1. Check spelling and syntax before posting.
2. Don’t be led astray by misguided bimbos who seek nothing but power.
Umm… this is an insurance forum. Please lets have an intelligent discussion about the topic at hand.
Otherwise please take your political hatreds & biases to a different forum that hosts such discussions.
See my prior comment to WooWooWoo, but I think it applies to everyone. Let’s keep this discussion insurance related and take the political talk elsewhere unless it relates.
No Flame wars please.
Point well taken as to the venue for comments.
However, we as insurance professionals, and everyone else as consumers of insurance, have a great deal to gain/lose by the actions of elected representatives.
Politicians play by different rules and adhere to different standards than does business: their goals, by and large, are re-election and advancement of sometimes misguided and disproven ideology; many will say or do that which is necessary to reach those goals. Political power is far different and more dangerous than economic power, if only because a consumer can choose to take his/her business elsewhere, while bad public policy is forever.
..Stabilization Program???
While we focus on a plan to regionalize cat risks on a voluntary (I hope) basis, the Treasury will be free to recharge depleated state reinsurance programs after cat losses. One question–where does the “loan” come from? Why, it comes from the US Treasury, filled with tax dollars collected from across the entire USA. Of course the Treasury could also just print more money…..and stoke the fires of inflation.(pretty dramatic, eh?)
While sitting through a Midwest winter, I am “warmed” by the knowledge that people in Florida/Tx/La/MS/Al etc will be able to rebuild on the coast.
BTW, I don’t hate Hillary, however, for those of you old enough to have voted for Bill, do you not remember we elected them as a ‘team’?? Was that not why Hillary was “appointed” to design and jam an ill conceived health care plan through a reluctant Congress? If you don’t think she was sitting right next to Bill while the pardons were signed, you my friend are sadly mistaken.
I was truly going to stay out of this because i do not live on the coast…but when i read what caffeind wrote…
“By the way, does Nebraska even have a wind pool? As they are not truely subject to any major natural disasters ”
you have got to be kidding me. right? you never watch the news? you live in a cave that is on the coast?
seriously?
it takes a uneducated person to think hurricanes are the only natural disaster on the planet.
and please, please, PLEASE caffeind, do not ask other people to post intelligently when you yourself live in a box.