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Insurance Commissioners Announce Framework for National Cat Program

National News • November 17, 2005
Concluding the two-day National Catastrophe Insurance Summit held in Burlingame, Calif., insurance commissioners from California, Florida, Illinois and New York on Wednesday agreed that they had a ...

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Subject: Good Idea, but........

Posted On: November 17, 2005, 4:54 pm CST
Posted By: Ian
Comment:
I think this will be a great way to spread out the risk on the back end. However, I don't know if people will buy it if they didn't buy Flood Insurance before. The premiums will probably be higher since it is a catch-all which may deter more people from purchasing it and leave them without any type of disaster insurance if they do away with it. I know I would buy into this program, but an ill informed consumer may not. I think we will always encounter the problem of total loss for people due from failure to buy insurance. However, I do think this will be a good program for spreading out the risk in the future and for the informed consumer.
Subject Posted By Posted On
RE: Good Idea, but........ nomen
Nov 30, 2005, 11:12 pm
RE: RE: Good Idea, but........ lml
Nov 19, 2005, 10:08 am
RE: Good Idea, but........ Ken Kaltwasser
Nov 18, 2005, 2:44 pm
RE: RE: Good Idea, but........ Name
Nov 18, 2005, 2:24 pm
RE: RE: RE: Good Idea, but........ Nic
Nov 18, 2005, 1:08 pm
RE: RE: Good Idea, but........ Peter Polstein
Nov 18, 2005, 1:06 pm
RE: Good Idea, but........ Nic
Nov 18, 2005, 12:32 pm
RE: Good Idea, but........ LL
Nov 17, 2005, 7:07 pm
Good Idea, but........ Ian
Nov 17, 2005, 4:54 pm
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