Posted On: July 6, 2009, 3:46 pm CDT

Posted By: Sheltowee

It's the industry that's changing. Don't you see? There are too many agents and too many insurance companies.

The Cat events were the catylist for the undfolding events that have occured and what will occur.

By the way, getting insurance on line isn't as quik and easy as one would think (telephone is quicker). And with the economy so bad, more and more people will be giving up their internet.

The insurance industry will collapse if our Fed. Gov't doesn't expand the FEMA FLOOD to include, huricane, earthquake, Volcanic eruption and War.

Our gov't could mandate that every homeowner purchase this coverage for $20 per month to covere each home up to $250,000. Let insurance companies sell excess coverage if they want. Take these risk from the insurers (who don't want to sell it any way)and the cost of insurance for the HO 3 should drop by atleast 50%. Not only if people start paying now there would be enough money in the fund to meet expectations of the fund in less than 1 year.