Posted On: November 7, 2007, 1:01 pm CST

Posted By: Tom

Another terrible idea - making insurance cheap simply defers facing the hard decisions about appropriate use of coastal areas. Not to mention spreading the cost of the Florida beachfront risk over states like Nebraska, thus taxing Nebraska residents for the risks the Floridians CHOOSE to accept.

Oh, and don't tell me that Nebraska has tornados - of course they do, but on a bad day a tornado in Nebraska doesn't cause one percent of the damage resulting from a Florida hurricane.

And also don't tell me that we pay for it anyway through federal disaster declarations and the NFIP. The fact is, the coastal residents are trying to leverage the country to pay their way out of an insurance pricing crisis largely of their own making. I don't often agree with the Prez on anything, but his threat to veto this bill is right on target.