Posted On: July 17, 2008, 2:28 pm CDT

Posted By: Dawn

How do you determine the risk? Memphis had more (and stronger) tornados this year then ever before.

Arizona had earthquakes- Reno even had earthquakes. Not much of a history of that.

The entire world has seen more disasters on broader scales then ever before in the last few years.

I'm not being argumentative. Just asking.

My honest opinion is that Federal Funds should be used for our own people and cities before it's sent abroad. I know a lot of people on this board don't want to help the flood victims, or hurricane victims, or any other natural disaster victims in our country. BUT- we do end up paying in one way or other.

The Cummings Factory flooded. Parts are now more expensive and out of stock all over the country for heavy equipment and diesel engines. I'd rather see the Feds help get them up and running as quickly as possible so the 50 or so industries that depend on them stay solvent. Cost us all a lot less in the long run.

No matter what happens, we're all going to pay. Either share the risk of insurance, share the cost of rebuilding, or absorb the cost to the economy.

I'm just saying that sharing the cost of insurance would be cheapest way to go for the average person.