[contessa machiaveli]

sorry lao, this legislation was not needed at this time. the concept as well as the "why" is bogus. if construction is slow it's because there is NO demand. there's plenty of empty office space, hotel rooms, and yes even in NYC multimillion dollar condos are going a beggin. we've got to take a breather for awhile and allow for industry adjustments.

[laotzu]

" if construction is slow it's because there is NO demand"

This is not about construction or the need for office space.

This is about guaranteeing insurance companies they will not have liabilities forced upon them from risks they did not accept, or collect premiums for.

To arbitrarily, & forcibly transfer risks on them; and prohibit all underwriting and compensation, would financially destroy them in short order.

As despicable as insurance companies are painted (and sometimes earned), we would not be able to do without them.