funneemunnee
Guest
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 Posted:
Sun Sep 11, 2005 12:01 am Post subject:
Re: OT - Why Rebuild? |
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Thx. I stand corrected. Perhaps I should have written...
(CHANGES IN ALL CAPS)
Here's my vote: If the insurance industry won't OR CAN'T make available
affordable
flood policies to the homeowners then do not rebuild! As a taxpayer, I am
not interested in subsidizing anyone's flood policies.
A stance that points to the original question (or problem) of why in the
world people still live there...
"Arne" <arnereil@cox.net> wrote in message
news:echUe.10826$dm.721@lakeread03...
| Quote: | If they do make it affordable (not based on 'experience'), you will be
subsidizing them anyway.
Experience ......... profit = premium total - losses - co. expenses +
return on investments
Insurance companies have good years and bad years in property casualty.
This will be a bad year. If you want to keep premiums down, the Gov't will
have to guarantee a return on investment..... so, that means taxpayers
will pick it up.
Too many think as gov't money as being free.... not is it not free, it is
expensive. Probably 1/3rd of program money is eaten up by gov't
bureaucratic costs before it even goes anywhere..... not a good way to do
business.
The biggest surprise to me, is a gov't revenue producing center (like
finding tax cheaters) is the first to get cut.... Welfare, gov't health
care, farm subsidizes keep on plodding along, but something that can
produce income gets the axe.
Arne
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.
"funneemunnee" <notareal@address.com> wrote in message
news:cvgUe.15$z73.10@bignews5.bellsouth.net...
Yahoo Poll Says 50% Say No....
http://news.yahoo.com/news?tmpl=story&u=/ap/20050909/ap_on_re_us/katrina_ap_poll_hk1
Here's my vote: If the insurance industry won't make available
affordable flood policies to the homeowners then do not rebuild! As a
taxpayer, I am not interested in subsidizing anyone's flood policies.
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