Posted On: October 1, 2007, 11:12 am CDT

Posted By: tom

Tink, what I have a hard time really understanding is a point you touched on - If a person buys a home on the beach, prime real estate, and cannot afford insurance, why do I have to feel sorry for them? It implies that they may have gotten into too much home and if they cannot afford ins., that tells me they probably are just making it with the home or cannot afford it at all. So if insurance companies, in the business to insure risks are charging the proper prices for the exposure, then why are we in the insurance industry getting beat up and insurance companies being berated, investigated and abused for providing a service that makes the insured whole and keeps the insurance company solvent when a CAT hits?
So you say feds will make affordable, the flood program was affordable for those in New Orleans, yet many many people did not have flood insurance and yet Bush was raked over the coals, because no one ever thought a CAT Hurricane would hit their city. Now the federal government has to take care of me cause I was too stupid to not purchase insurance.
Sorry I am just tired of watching Washington D.C. politicians piss our tax dollars away. This is yet another program that will continue to keep taxpayers beholden to government.