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Former FEMA Director Witt Advocates Need for National CAT Fund

National News • January 19, 2006
James Lee Witt, former FEMA director and co-chair of ProtectingAmerica.org, told the members of the Task Force on Long-Term Solutions for Florida's Hurricane Insurance Market on Thursday that ...

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Subject: National Cat Fund

Posted On: January 22, 2006, 2:57 pm CST
Posted By: Bob M
Comment:
A National Cat fund would be a political solution that would have far reaching consequences. By replacing market rates with politically correct rating we would depress rates in cat prone areas and spur economic development in high hazard areas.

There will always be cat capacity if the returns are there. By messing with the rating structure we will encourage more exposure in cat prone areas, leading to higher losses for America's largest mutual insurer-the taxpayer!
Subject Posted By Posted On
RE: CrunchMaster's spelling CrunchMaster
Jan 23, 2006, 12:34 pm
RE: Ms. Neuman is WRONG CrunchMaster
Jan 23, 2006, 12:31 pm
National Cat Fund Bob M
Jan 22, 2006, 2:57 pm
Ms. Neuman is Right walt hollenbeck
Jan 20, 2006, 6:38 pm
RE: RE: National CAT Fund alexis neuman
Jan 20, 2006, 2:27 pm
CrunchMaster's spelling Texan10
Jan 20, 2006, 1:43 pm
CrunchMaster Open Your Eyes
Jan 20, 2006, 1:24 pm
RE: National CAT Fund CrunchMaster
Jan 20, 2006, 12:56 pm
Hey Dude alexis neuman
Jan 20, 2006, 12:40 pm
Nice to be a paid flunky heydude
Jan 19, 2006, 10:33 pm
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