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H.R. 91, The Homeowners Insurance Protection Act of 2007 (2 comments ↓)

H.R. 91 would establish a program to provide reinsurance for State natural catastrophe insurance programs to help the United States better prepare for and protect its citizens against the ravages of natural catastrophes, it would encourage and promote mitigation and prevention for, and recovery and rebuilding from, such catastrophes, and would better assist in the financial recovery from such catastrophes.

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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.

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