Maybe a federal oversite will stop this insane business of overinsurance values on homes that these carriers demand. Run 3 costimator programs and you get 3 different prices!
I agree with you; this optional federal charter was not going anywhere and now they want to use this opportunity to “fix” something else. So now Bush says we need to fix the subprime mess and the fall out from that, so what does the government do? go after the insurance industry. I thought this was about investment banking! That is what is called a NON-SEQUITUR or a BAIT and SWITCH… after all Dubya and Cheney said we were going into Irag after WMD; then when that failed, it was regime change and now they are pressed to do something that they said they would never pursue, nation-building. I’ll be glad when this error, oops, I meant ERA, is over. Hopefully whoever gets in office will at least be consistent and honest. I can live with a mistake if it is acknowledged but this OFC business is just another attempt to consolidate power for the executive branch….why not just abolish congress? the president will take care of everything; he always has a plan, and is always trying to fix things that were not broke or harpingn on issues that no one complained about.
Widespread overinsurance is certainly NOT the problem, at least in many markets. A PBS report last year lambasted California insurers for underinsuring homes destroyed in the region. Some homeowners were insured at about fifty cents on the dollar. I keep articles in my office from five years ago that reveal 67% of homes in America are underinsured by an average of 27%. As an agent who has had 3 total loss fires in the last five years, I can tell you that the statistics are correct. We won’t insure any frame (wood) part of a house now for less than $200 per foot. That happens to be consistent with what building contractors in my area charge for new construction. I do not use my companies cost estimator.
I don’t want to get sued in the event one of my policyholders has a total loss.
The high cost of fuel ,not the mortgage or banking industry is responsible for this depression. Think about everything that has to be transported and then transfer all of those cost to the end user and for those homowners that were living paycheck to paycheck it spelled the perfect storm. I predict $ 6.00 per gallon fuel by this time next year,a further 25 to 40 % loss in real estate value and double digit unemployment. Follow the fuel and the oil companies inability to refine enough to accomodate this massive influx of immigrants, thank you federal government, and these environ-MENTAL YO YOS and you’ll have your answer .Don’t let the media BS their way into your logical mind
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Maybe a federal oversite will stop this insane business of overinsurance values on homes that these carriers demand. Run 3 costimator programs and you get 3 different prices!
I agree with you; this optional federal charter was not going anywhere and now they want to use this opportunity to “fix” something else. So now Bush says we need to fix the subprime mess and the fall out from that, so what does the government do? go after the insurance industry. I thought this was about investment banking! That is what is called a NON-SEQUITUR or a BAIT and SWITCH… after all Dubya and Cheney said we were going into Irag after WMD; then when that failed, it was regime change and now they are pressed to do something that they said they would never pursue, nation-building. I’ll be glad when this error, oops, I meant ERA, is over. Hopefully whoever gets in office will at least be consistent and honest. I can live with a mistake if it is acknowledged but this OFC business is just another attempt to consolidate power for the executive branch….why not just abolish congress? the president will take care of everything; he always has a plan, and is always trying to fix things that were not broke or harpingn on issues that no one complained about.
Widespread overinsurance is certainly NOT the problem, at least in many markets. A PBS report last year lambasted California insurers for underinsuring homes destroyed in the region. Some homeowners were insured at about fifty cents on the dollar. I keep articles in my office from five years ago that reveal 67% of homes in America are underinsured by an average of 27%. As an agent who has had 3 total loss fires in the last five years, I can tell you that the statistics are correct. We won’t insure any frame (wood) part of a house now for less than $200 per foot. That happens to be consistent with what building contractors in my area charge for new construction. I do not use my companies cost estimator.
I don’t want to get sued in the event one of my policyholders has a total loss.
The high cost of fuel ,not the mortgage or banking industry is responsible for this depression. Think about everything that has to be transported and then transfer all of those cost to the end user and for those homowners that were living paycheck to paycheck it spelled the perfect storm. I predict $ 6.00 per gallon fuel by this time next year,a further 25 to 40 % loss in real estate value and double digit unemployment. Follow the fuel and the oil companies inability to refine enough to accomodate this massive influx of immigrants, thank you federal government, and these environ-MENTAL YO YOS and you’ll have your answer .Don’t let the media BS their way into your logical mind