So basically he wants the taxpayers to guarantee their losses instead of buying reinsurance. My thought to this is bullsh*t!. We need less government intervention, not more!.
A major problem with CEA is how they treat Earthquake loss assesment
They stopped giving credit to Assoc with EQ Ins and created a formula that could require Unit owner to buy more coverage then needed and then an increased deducible so an insured would pay a higher premium and get less net coverage
So basically he wants the taxpayers to guarantee their losses instead of buying reinsurance. My thought to this is bullsh*t!. We need less government intervention, not more!.
A major problem with CEA is how they treat Earthquake loss assesment
They stopped giving credit to Assoc with EQ Ins and created a formula that could require Unit owner to buy more coverage then needed and then an increased deducible so an insured would pay a higher premium and get less net coverage