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RAND Study: Wind Insurance Scarce on Gulf Coast; Challenge for Both Insurers, Government

National News • July 27, 2007
Many businesses along the Gulf of Mexico coast have had a difficult time obtaining wind insurance coverage since Hurricanes Katrina, Rita, and Wilma hit in 2005 and have often ended up paying more ...

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Subject: Government intervention PEOPLE THE GOV IS US REMMBER

Posted On: July 30, 2007, 11:22 am CDT
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Government can in theory set insurance prices closer to the long-run expected loss for hurricanes and other natural disasters because tax revenue eliminates concerns about insolvency. However, the study says government officials can face political pressure to subsidize one group over another, or set premiums too low. As a result, low insurance rates could encourage the construction of buildings in high-risk areas that are not sufficiently wind resistant. Government intervention may also compound the problem by reducing private insurers' willing to provide insurance.

The study identifies
Lets give all insurance to the goverment that is were it is head . MAYBE THE SNAKE IS CUTTING OFF ITS OWN TAIL....
Subject Posted By Posted On
RE: Another chaotic market -YELLOW STAR AF
Jul 31, 2007, 12:12 pm
Wrong Focus Iceman
Jul 31, 2007, 10:40 am
Read the Notation is IJ regarding S.C. Wind Pool DWT
Jul 30, 2007, 2:32 pm
To the all or nothing crowd Cassandra
Jul 30, 2007, 1:46 pm
Another chaotic market and profit opportunity media mogul
Jul 30, 2007, 1:13 pm
RE: RE: Government intervention PEOPLE THE GOV IS US REMM
Jul 30, 2007, 11:54 am
RE: Government intervention PEOPLE THE GOV IS US REMMBER ed
Jul 30, 2007, 11:34 am
RE: Government intervention PEOPLE THE GOV IS US REMMBER AUTHOR
Jul 30, 2007, 11:32 am
Government intervention PEOPLE THE GOV IS US REMMBER
Jul 30, 2007, 11:22 am
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