Posted On: July 16, 2008, 9:13 pm CDT

Posted By: Chuck

I'm sorry but your position with respects to the govt subsidy for coastal states is pretty weak. The flood program the govt has in place is a disaster. After Katrinta, the program ran a $ 17 BILLION deficit. So basically, you want the rest of the country to send their tax dollars to the coastal states so they can rest easy that they are insured for wind. You and I both know the rates would NEVER be enough to cover the losses (as they are now). This is why you see the big players in personal lines whining about a national program. The big companies want it both ways. They want to do business in those states without the risk of paying out big after THE BIG ONE. And I wonder where you live? I am not paying my tax dollars for the perils that coastal state homeowners may endure.