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La. Commissioner Wants $100M Fund to Entice Insurers to State

Texas / South Central News • March 26, 2007
Louisiana Insurance Commissioner Jim Donelon wants to use $100 million in state money as financial incentives for insurers, hoping the lure will make companies more likely to write homeowners ...

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Subject: Not Enough or Big Deal?

Posted On: March 26, 2007, 1:21 pm CDT
Posted By: DDT
Comment:
$100,000,000 - What is that going to do, especially if companies are not able to charge based on the exposure?

Below are the costs of storms hitting the US mainland, adjusted to 2006 dollars.

2000-2006 8 $108,042,000,000
1990-1999 5 $ 29,035,000,000
1980-1989 4 $ 2,885,500,000
1970-1979 4 $ 4,870,700,000
1960-1969 5 $ 6,563,550,000
Subject Posted By Posted On
RE: Oh yeah. Let the Government do it for us..... Kim David
Mar 30, 2007, 10:23 am
Oh yeah. Let the Government do it for us..... Uriah Heep
Mar 30, 2007, 8:10 am
Duh...Every Insurer Still Made Big Profits despite Katrina KIM DAVID
Mar 29, 2007, 7:01 pm
WHAT? Entice Insurers? More Like Try A Federal Investigation Natural Disaster Ins by FEMA
Mar 29, 2007, 6:42 pm
Who says it doesn't snow in Louisiana... Bulldogg
Mar 27, 2007, 7:24 am
Here Kitty Kitty Kitty... Chad Balaamaba
Mar 26, 2007, 2:41 pm
Not Enough or Big Deal? DDT
Mar 26, 2007, 1:21 pm
$100 mil is not enough Uriah Heep
Mar 26, 2007, 10:31 am
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