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House, Senate Must Work Out Differences in Flood Insurance Bills

National News • May 14, 2008
The Senate voted Tuesday to extend until 2013 a federal program that insures millions of U.S. homes against floods and to forgive $17 billion in debt that the program built up during Hurricane ...

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Subject: Good of the people or Good of the industry

Posted On: May 14, 2008, 1:31 pm CDT
Posted By: Bill
Comment:
Insurance coverage for catastrophe's would require large premiums to offset large loses. The larger the premiums the lesser the impact of large loses. This would benefit the consumers in catastrophe pron areas.

Our industry is made up of Reinsurers and carriers who build their rates on Wind loses including cost of reinsurance and make their money on the investment float on those premiums.
It seems to me that our industry publicly complains about cost of reinsurance and cost of catastrophic loses. But privately needs them for their economic survival. Lets don't pretend that we are looking out for the consumer in this area. We have a self interest and lets not complain anymore about catastrophic loses. We better be able to provide the coverage the consumer needs or the Government will have to.
Subject Posted By Posted On
RE: RE: Hello People! Gone with the wind
May 16, 2008, 5:01 pm
RE: RE: Insurance Companies.....PLEASE! Dawn
May 15, 2008, 2:16 pm
RE: Insurance Companies.....PLEASE! Jason
May 15, 2008, 2:01 pm
Insurance Companies.....PLEASE! Kathy
May 15, 2008, 9:18 am
RE: RE: DWT Ohioan #2
May 14, 2008, 4:56 pm
RE: DWT Ohio Ray
May 14, 2008, 3:34 pm
LOL, Baxter Dawn
May 14, 2008, 3:33 pm
RE: RE: RE: RE: Leave Dawn Alone - Mr Original...Dawn is.... Dawn
May 14, 2008, 3:30 pm
RE: Leave Dawn Alone - Mr Original...Dawn is.... Baxtor
May 14, 2008, 3:29 pm
RE: DWT see that Ray
May 14, 2008, 3:20 pm
RE: RE: Leave Dawn Alone and Gone with the wind Baxtor
May 14, 2008, 3:20 pm
RE: Hello People! Dawn
May 14, 2008, 3:18 pm
RE: RE: RE: Leave Dawn Alone - Mr Original...Dawn is.... Baxtor is spelled..what's a Ba
May 14, 2008, 3:17 pm
Hello People! Gone with the wind
May 14, 2008, 3:11 pm
DWT Ohio Ray
May 14, 2008, 3:06 pm
RE: RE: Leave Dawn Alone - Mr Original...Dawn is.... Baxtor
May 14, 2008, 3:05 pm
RE: Leave Dawn Alone Dawn
May 14, 2008, 2:58 pm
RE: Dawn Ohio Ray rhymes with
May 14, 2008, 2:51 pm
RE: Dawn Dawn
May 14, 2008, 2:50 pm
RE: Leave Dawn Alone Dawn is spelled B.A.X.T.E.R.
May 14, 2008, 2:49 pm
Bail out brouhaha Living in the bowl
May 14, 2008, 2:45 pm
Dawn Ohio Ray
May 14, 2008, 2:45 pm
Leave Dawn Alone Baxtor
May 14, 2008, 2:36 pm
RE: Dawn Comment Dawn
May 14, 2008, 2:27 pm
Dawn Comment Ohio Ray
May 14, 2008, 2:24 pm
RE: RE: RE: RE: RE: One Problem Dawn
May 14, 2008, 1:55 pm
RE: RE: RE: RE: One Problem Dawn is spelled L.O.S.T.
May 14, 2008, 1:40 pm
RE: RE: RE: One Problem Dawn
May 14, 2008, 1:32 pm
Good of the people or Good of the industry Bill
May 14, 2008, 1:31 pm
RE: RE: One Problem Dawn is spelled D.U.M.B.
May 14, 2008, 1:24 pm
RE: RE: One Problem Jason
May 14, 2008, 1:21 pm
RE: One Problem Dawn
May 14, 2008, 1:06 pm
One Problem DWT
May 14, 2008, 12:27 pm
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