InsurancePerson

Recent Comments

  1. 1
    Posted 2008-04-11 14:57:38 on French/Harlem Add Themselves To List Of People Who Hate Bear Enough To Organize

    Followers of Lyndon LaRouche is my guess.

  2. 2
    Posted 2008-03-31 19:58:55 on Treasury’s Brave New World Of Financial Innovation

    @7:18, the Blueprint envisions the federal regulator working "in tandem with the states" on areas like fraud and consumer protection laws. I don't know how this would actually work; do nationally chartered banks deal with this issue? Florida has two state-run mechanisms that deal with hurricane risk, both of which essentially move the cost of insuring such risk onto Florida taxpayers and insurance consumers. It is socialism, pure and simple. The federally chartered market wouldn't do anything to alleviate the burden that Floridians continue to bear for past hurricanes, but it will (in theory at least) stop forcing low-risk property owners to subsidize high-risk property owners for future storms through their insurance premiums.