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Nationwide Insurance Pushes to Include Flood Coverage in Home Policies

National News • June 27, 2008
One of the nation's largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and ...

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Subject: RE: RE: Flood

Posted On: June 27, 2008, 1:18 pm CDT
Posted By: You say potato, I say.....
Comment:
In reality, is this anything more than a WYO company combining the coverage from a Homeowners policy and a Flood Policy into a single contract? This concept sounds great for the consumer, but.....

Nationwide would "reinsure" the flood portion? Where does it leave Nationwide when trying to collect from the reinsurer? Won't the wind vs water conflict still exist at that level? Sounds like a recipe for financial disaster for the carrier when the reinsurer balks.

And what was that little comment about the rest of the policy being exempt from oversight? Market rates? Not an "end run" around state regulation?

I was born at night, but not last night.
Subject Posted By Posted On
RE: RE: Flood SWFL Mark
Jun 30, 2008, 3:39 pm
RE: Flood Kent
Jun 30, 2008, 10:53 am
RE: RE: Flood Dirty Work
Jun 30, 2008, 8:46 am
RE: Flood Chris Bailey
Jun 29, 2008, 7:52 am
A House of Cards? Vlad
Jun 27, 2008, 2:06 pm
Flood Dennis J. Migliazzo
Jun 27, 2008, 1:38 pm
RE: RE: Flood You say potato, I say.....
Jun 27, 2008, 1:18 pm
RE: Flood Insurance Dread
Jun 27, 2008, 1:14 pm
RE: Flood Flood Learner
Jun 27, 2008, 11:39 am
Flood What's new?
Jun 27, 2008, 11:33 am
RE: Flood Insurance Flood Learner
Jun 27, 2008, 10:51 am
Flood Insurance Mark
Jun 27, 2008, 10:26 am
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