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H.R. 91, The Homeowners Insurance Protection Act of 2007
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Jose Borromeo
IS THERE ANY LAW THAT WE CAN SELECT OUR OWN HOME INSURANCE?
EMAIL: j.borromeo@hotmail.com
Peedee
First, look at how the government has handled the FEMA assistance post- Katrina. Ok so we want to formalize this process and have the tax payer's foot the bill?
Why not let the global free market entities who are willing to accept the level of risk allowed to do so (i.e. re companies and CAT bond investors)? This is nothing more than representatives pandering to the insurance lobby since the government will essentially assume all of their risk at minimum cost to them and maximum cost to the taxpayer! Ridiculous.