Thursday, March 22, 2007

Legislature Decides Not to Tie Allstate's Hands

Earlier this week, the Senate Finance Committee wisely decided against passing a bill that would have required insurers to write homeowners' insurance policies in coastal areas that some have deemed a poor investment because of their risk.

As I've said here before, there's no reason private (or public) insurers should subsidize poor and/or dangerous investment choices on the part of individuals. Floodprone areas, or those susceptible to other sorts of natural catastrophes shouldn't be built on from this point forward. It's that simple.

Labels: , ,

0 Comments:

Post a Comment

<< Home