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U.S. House Bill Seeks to Stabilize Property Insurance Market

National News • August 6, 2007
The chairman of the U.S. House Financial Services committee promised to quickly take up a bill seeking to stabilize the property insurance market in disaster-prone areas. The bill, introduced ...

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Subject: Cross Subsidization

Posted On: August 6, 2007, 9:22 am CDT
Posted By: actuary
Comment:
I can see how the optional nature of the plan would help prevent low risk states from subsidizing high risk states, but how are low risk consumers within an otherwise high risk state prevented from subsidizing higher risk consumers within that state?

This still looks too close to socialization to discourage high risk behavior such as building in CAT prone areas.
Subject Posted By Posted On
RE: Why so complicated? Willy
Aug 6, 2007, 1:57 pm
Why so complicated? Actuary
Aug 6, 2007, 1:49 pm
RE: Cross Subsidization Fox
Aug 6, 2007, 1:07 pm
RE: RE: Cross Subsidization Willy
Aug 6, 2007, 12:52 pm
Cross Subsidization actuary
Aug 6, 2007, 9:22 am
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