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Just because a liberal congress decides to redistribute our earnings on every pet project you can dream up doesn’t mean it’s right. Smart use of money rather that just throwing dollars at every problem without discretion is the hallmark of these bills. The current congress is not out to legislate, just to find ways to show up the current administration. I am not a Republican, just a conservative on many of these matters who actually looks at the legislation rather than buying into the 30 second talking points of these idiots we have elected in Washington. You should try it. Every time some liberal comes up with a new scheme to separate us from our earnings it’s always “for the children”. It’s not, you know.
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U.S. Grand Jury Indicts “Dickie” Scruggs in Suspected Bribery Scheme
National News • November 30, 2007
An attorney who helped negotiate a multibillion-dollar settlement against tobacco companies in the 1990s and has sued insurers over unpaid Hurricane Katrina claims was indicted in a suspected …
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Subject: RE: RE: I’m a Red Neck? and a Lunatic. P.S. NOT Kim. IM A M
Posted On: December 7, 2007, 8:37 am CST
Posted By: American and proud of it.
Comment:
Comment: We can not even get them to pay us so what a joke Terror Insurance is…
storms, rather than hurricanes like Katrina that can inflict heavy losses in several states over a few days. To protect the solvency of the insurers and their ability to provide coverage throughout the country, a new approach is needed, State Farm said.
“The government needs to address this,” said Jeff McCollum, a spokesman for State Farm.
The federal program would have two parts: insurance pools or funds created in the states and a central fund in Washington. Money would come from the insurers to create the state funds and the insurers’ costs would be recovered through a surcharge on homeowners.
The state funds would channel much of the money they received to the federal fund. In a disaster, the insurers would pay the first several billion in damage. Then the state fund would kick in and begin sharing costs. At a certain level, the state fund would begin receiving money for further damages from the central fund.
The program’s backers say that unlike the financially troubled national flood program, it would not borrow money from the Treasury. Instead, they say, it would have the authority to issue bonds to finance losses beyond its resources.
The flood insurance program borrowed nearly $25 billion from the government after Hurricane Katrina and industry experts say the money will probably never be repaid.
Under the proposal, the bonds for hurricane coverage would be backed by the government. J. Robert Hunter, the director of insurance for the Consumer Federation of America, warned that after a series of catastrophic hurricanes and earthquakes, the program still might not be able to repay the bonds. “Then it ends up being paid for by taxpayers,” he said
Should the insurance industry shoulder this responsibility at all?
Who creates the conditions that cause terrorist attacks?
It is not the general public. It is governments and the actions they take.
That is not to condemn those actions, but to say take responsibility for the things you cause and pay for the consequences.
It is not the job of the insurance industry to financially back up governmental action or inaction.
Only the federal government has the size of wallet to do that.
So to Predident Bush, I say take care of the messes the administation makes and our industry will try to take care of the messes the public makes.
Veto seems to be Bush’s favorite words of late. He can’t be bothered with child healthcare, the farm bill, TRIA mandates,
or any of that stuff. He is too busy stirring up hornets’ nests all over the world. He only cares about the war. He is like a broken record lately. No matter what needs to be passed, if it isn’t about the war, he doesn’t have the time no the inclination to bother.
He is just starting to stand for some of the principles the party is supposed to stand for. I certainly don’t agree with the TRIA veto, but the other vetoes were well deserved. He rubber stamped the garbage coming out of the free spending congress way too long.
Well, its clear that you are a Republican. Child Healthcare–Garbage? I understand how all of the waste of our government could be considered garbage. And I understand that some of these bills proposed has hidden agendas and some are not worth the paper they are written on.
But there has to be a limit on what is spent on the war and what is denied to the tax payers and to our own people.
Principles? Really? I didn’t think politicians had them anymore.
I agree with Slim. Terrorism risk is entirely uninsurable in the private marketplace.
First off, it should be excluded under the standard “War” exclusion found in virtually every insurance policy ever offered in the United States. Acts of terrorism ARE acts of war, and the people committing them would agree.
Second, the losses are (thank God) too sparse to calculate appropriate rates for the coverage. Any information that the gov’t may have about vulnerabilities should be held back in the name of national defense, not shared with the private market to rate the coverage.
Finally, it’s the gov’t's JOB to prevent acts of terror. It should be the gov’t's job to pick up the pieces as well.
Who is the government? Finally, it’s the gov’t's JOB to prevent acts of terror. It should be the gov’t's job to pick up the pieces as well.
Okay then why give money to Insurance???
child healthcare as you call it, wouldn’t be garbage, if it were really about needy children. The existing program already covers child whose parents can afford to buy coverage on their own, and may even work for companies that provide insurance benefits. Democrats wanted to expand the program to raise the age limit to 25, and raise the maximum income. For them, it’s not about the children. It’s about universal healthcare in increments. If they can get away with, they will expand healhcare programs for the young and old; in the process redefining young and old until there is a very small gap between the two where gov’t healhcare doesn’t exist. Then we can close the gap, and presto, we’ve got universal healthcare.
Just because the rest of the world is full of corrupt, greedy socialists who are addicted to their positions of wealth and power, and don’t want free market socities, doesn’t mean the United States needs to go down that road also.
The flood insurance program borrowed nearly $25 billion from the government after Hurricane Katrina and industry experts say the money will probably never be repaid.
Under the proposal, the bonds for hurricane coverage would be backed by the government. J. Robert Hunter, the director of insurance for the Consumer Federation of America, warned that after a series of catastrophic hurricanes and earthquakes, the program still might not be able to repay the bonds. “Then it ends up being paid for by taxpayers,” he said