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Allstate Says it Can Drop Basic Hurricane Coverage in La.
Insurance Journal ^
| 7-26-06
Posted on 08/16/2006 11:01:54 AM PDT by Hydroshock
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To: Hydroshock
2
posted on
08/16/2006 11:03:08 AM PDT
by
dakine
To: dakine
Unless you live on the Gulf Coast.
3
posted on
08/16/2006 11:04:23 AM PDT
by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
To: Hydroshock
I think we just proved that living there is a BAD idea, not so?
4
posted on
08/16/2006 11:05:31 AM PDT
by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: Hydroshock
What? You can't force someone at gunpoint to sell something they don't want to sell? The horror!
5
posted on
08/16/2006 11:05:42 AM PDT
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: Hydroshock
Allstate is a private company and has every right to offer whatever level of coverage it determines to be profitable. Customers are free to find other companies if they don't like what Allstate offers. Customers who can't find a company that offers the coverage they want should ask themselves why the company doesn't believe it can make money offering that coverage.
6
posted on
08/16/2006 11:07:10 AM PDT
by
American Quilter
(You can't negotiate with people who are dedicated to your destruction.)
To: Hydroshock
Not surprisingly, this article is completely riddled with inaccuracies and mischaracterizations.
7
posted on
08/16/2006 11:08:17 AM PDT
by
Thrusher
("...there is no peace without victory.")
To: American Quilter
So what you are saying is people should not be able to buy houses on the Coast. Because that is what will happen, you will not be able to get a loan for a house without it.
8
posted on
08/16/2006 11:09:17 AM PDT
by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
To: wideawake
9
posted on
08/16/2006 11:09:38 AM PDT
by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
To: Hydroshock
Alternate headline: Good Hands Flips Bird.
10
posted on
08/16/2006 11:10:47 AM PDT
by
auboy
To: Hydroshock
Donelon said the law does not allow Allstate the second-largest insurer in the state to "gut'' policies. Wonder why they let the Louisina Farm Bureau Insurance do it?
11
posted on
08/16/2006 11:11:52 AM PDT
by
chemicalman
(Doing my part to maintain global warming.)
To: chemicalman
This is Louisiana, LFB pays off the right people.
12
posted on
08/16/2006 11:12:37 AM PDT
by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
To: American Quilter
however, insurance is one of those tricky areas of law where you are basically paying money to a company whose mission in life is to NOT pay out claims.
If insurance companies were serious about reducing risk, they would petition for stricter building codes to allow for homes to be far more survivable. (see florida coastal codes) In fact ALL codes should be upped.
Discounts given to homes which retrofit to the newer code.
13
posted on
08/16/2006 11:13:01 AM PDT
by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
To: Hydroshock
14
posted on
08/16/2006 11:13:32 AM PDT
by
mom4kittys
(If velvet could sing, it would sound like Josh Groban)
To: Hydroshock
So what you are saying is people should not be able to buy houses on the Coast. Because that is what will happen, you will not be able to get a loan for a house without it. People should not be able to buy houses on the coast in the expectation that everybody else living in safer areas should financially subsidize their risk. If they can find a company willing to write coverage for whatever the market will bear, great. Otherwise, tough titty.
-ccm
15
posted on
08/16/2006 11:15:15 AM PDT
by
ccmay
(Too much Law; not enough Order)
To: Hydroshock
So what you are saying is people should not be able to buy houses on the Coast.No one said that. Anyone can buy a house on the coast if they have the resources to do so.
Because that is what will happen, you will not be able to get a loan for a house without it.
Some people actually buy real property with their own money, without taking out a loan.
Your argument is that insurance companies and banks should be forced by law to take risks that they don't want to take, so that homeowners don't have to worry about risks at all.
Perhaps the homeowners should grow up and handle their own risks themselves.
16
posted on
08/16/2006 11:15:30 AM PDT
by
wideawake
("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
To: Hydroshock
So what you are saying is people should not be able to buy houses on the Coast. Because that is what will happen, you will not be able to get a loan for a house without it. Then you can't afford to live on the coast. If you take the risk, you need to foot the bill.
17
posted on
08/16/2006 11:15:57 AM PDT
by
listenhillary
(Only the stupidest of animals fouls it's own nest - Democrats provide a fine example of this)
To: Hydroshock
So what you are saying is people should not be able to buy houses on the Coast. Because that is what will happen, you will not be able to get a loan for a house without it.No, I didn't say people shouldn't be able to buy houses on the coast. What I said is that no one is obligated to insure said houses. Nor is anyone obligated to lend the home-buyers money. We have the right to pursue happiness; there is no existing right to achieve it.
18
posted on
08/16/2006 11:18:11 AM PDT
by
American Quilter
(You can't negotiate with people who are dedicated to your destruction.)
To: Hydroshock
Well, at least now you'll be conscious of the risks you're taking if you live there...
Don't ask me to subsidize your lifestyle choice -- we don't have hurricanes, earthquakes or tidal waves in Indiana.
To: listenhillary; wideawake; ccmay
Good way to get TX, LA, MS, AL, and Fl to all vote democratic. tens of millions live ong eht coast in this country. If they can not get reasonable insurance it will kill their home values. And you three do not think they will not vote for who they think will protect those homes? Come on.
20
posted on
08/16/2006 11:19:02 AM PDT
by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
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