Posted On: January 30, 2007, 12:00 pm CST

Posted By: pipe dreamer

I think we all know that your $50 a year is a pipe dream. The reason these politicians from Florida are creating a national cat pool has nothing to do with availability and the set up of a NFIP type pool. The issue is that Floridians cant "afford" there insurance premiums.
They are not looking for anything that even remotely approaches an actuairly sound program.

This means they are looking for the non cat prone areas to subidize them. Plain and simple but, of course, it will be presented as a way of softening cat risk for all Americans when in fact only a select group that choose to live in wind zones and eq zones will benefit.

It would be much more palatable if they just came out and said that they need to get elected so they are appeasing their constituents at the cost of increased taxes for all Americans than the tripe they will come up with.