Posted On: July 24, 2008, 8:35 am CDT

Posted By: underwriter

So as usual, for short term financial gain we allow all sorts of over development on the coast line and then because the State Plan doesn't adequately charge for coverage on the over abundance of dwellings over $1 mil in value the rest of the state will have to bare the burden of underinsuring the risk. My company routinely writes ourselves out of the wind pool by actively participating in the market. Unfortunately, because enough national carriers are running away all of us will still get hit with assessments. Ours will just be smaller.