Posted On: March 22, 2007, 5:20 pm CDT

Posted By: Voice of Reason

Why not have independent companies invest in various areas. For instance, Comcast Cable could invest in 3 certain zip codes in Orange County Fla. and invest X dollars on rebuilding, or retrofitting homes to meet mitigation standards - or at least these investments could help guide homeowners into the proper building standards. Then they can lure businesses to the area. The area will have X amount of dollars in profit or tax breaks and X percentage would be returned to the investing company. The company would in essence be a re-insurer helping with the overall cost.
We all know that nothing the government does will help. FEMA proved that with gross incompetence in the wake of Katrina - pardon the pun. Nothing will change the over inflated insurance cost unless insurance companies do not have to shoulder as much of the burden. State and local authorities can debate all they want, but they will not acheive the goals they are looking for without professional help.