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: House introduces Natl Cat ins. Bill...
Posted On: January 8, 2007, 2:38 pm CST
Posted By: Lloyd Humphrey
Comment:
When are we going to wise up and finally stop rebuilding properties in flood areas that have repeatedly been flooded mutliple times in a 30 year period( or less). We should not be using public monies to subsidize people who want to own properties close to the water just for the benefit of being close to the water or because of the high demand for this type of property. If someone wants a house on the beach,let them pay the prevailing rate in whatever market will write it or else they shouldn't own it.
let's use this money more wisely.
Subject: House introduces Natl Cat ins. Bill...
let's use this money more wisely.