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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: Wrong Focus

Posted On: July 31, 2007, 10:40 am CDT
Posted By: Iceman
Comment:
Wouldn't you think reasonably intelligent people would realize that continually doing the same thing you'll continue to get the same result? Instead of wasting billions every year to replace roofs that are just going to get blown off in the next storm, why doesn't somebody develop a roof to withstand the NORMAL high winds on the coasts? I'm sure with all our technology, engineering, and funding somebody could do that. It would be a lot less expensive than replacing roofs for the rest of the millenium. Look what happens in Fl. The building association recommended "hurricane strapping" be required on all new construction. It wasn't approved because consumers didn't want to pay the extra $300 to have them installed. Anyone who refused shouldn't qualify for insurance coverage. Anyway, it's short-sighted morons like this that complain about escalating insurance premiums when they're too cheap to do anything to protect their property.
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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