House Reps. Introduce National Catastrophe Insurance Proposal
National News • January 5, 2007
U.S. Representatives Ginny Brown-Waite (FL) and Vern Buchanan (FL) today introduced the Homeowners' Insurance Protection Act of 2007, a comprehensive catastrophic insurance bill that would ...
Insurance Journal is not responsible for the content of the message below.
Subject: RE: RE: Tired wins a cookie.
Posted On: January 8, 2007, 1:42 pm CST
Posted By: Andrew
Comment:
In answer to your question, from an article in today's email:
"Meanwhile, buyers of insurance in non-coastal states are the big winners as rising profitability has intensified competition throughout the property/casualty insurance industry," Dr. Hartwig added. "The bottom line is that falling insurance prices are lowering the cost of driving a car, owning a home and the cost of doing business for most Americans." He noted that property insurance prices in hurricane-vulnerable coastal areas continue to rise.
I.I.I. research shows that drivers, homeowners and businesses in most parts of the United States will be left with more cash in their pockets in 2007 as insurance costs fall in absolute terms, or at least relative to income growth and growth in the Gross Domestic Product. More details can be found in the I.I.I. ' s 2007 Earlybird Forecast at http://www.iii.org/media/industry/financials/forecast2007/.
Subject: RE: RE: Tired wins a cookie.
"Meanwhile, buyers of insurance in non-coastal states are the big winners as rising profitability has intensified competition throughout the property/casualty insurance industry," Dr. Hartwig added. "The bottom line is that falling insurance prices are lowering the cost of driving a car, owning a home and the cost of doing business for most Americans." He noted that property insurance prices in hurricane-vulnerable coastal areas continue to rise.
I.I.I. research shows that drivers, homeowners and businesses in most parts of the United States will be left with more cash in their pockets in 2007 as insurance costs fall in absolute terms, or at least relative to income growth and growth in the Gross Domestic Product. More details can be found in the I.I.I. ' s 2007 Earlybird Forecast at http://www.iii.org/media/industry/financials/forecast2007/.