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.

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