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From: in2dadark on 11 Jun 2010 15:25
CBO Projects "Beach House Bailout" Cost at $1.7 Billion

WASHINGTON (June 8, 2010) An estimate from the Congressional Budget
Office(CBO) shows that legislation potentially putting the American
taxpayers on the hook for Florida's underfunded catastrophe fund would
add to the already massive budget deficit, the National Association of
Mutual Insurance Companies said today.
The CBO has projected that HR 2555, which has also been called the
"Beach House Bailout" bill, will add $1.7 billion to the deficit over
the next five years. The measure was introduced by Rep. Ron Klein, D-
Fla., to ensure that homeowners' insurance rates in his state would
remain artificially low at the expense of the rest of the country.

Additionally, the bill would remove any incentive for Florida
lawmakers to fix the broken catastrophe fund, and would instead
incentivize other states to follow Florida's flawed, under-funded, and
risky example.

"If enacted, this bill would be a financial disaster for the federal
budget and the taxpayers," said Jimi Grande, senior vice president of
federal and political affairs for NAMIC. "It's worth noting that the
CBO projections don't recognize the potential impact of an active
storm season. If Florida were to be hit by the same type of storm
season that we had in 2005, the costs could rise into the hundreds of
billions."

Grande also noted the perverse incentives created by the bill, which
as it is written would only provide federal backing to Florida's
catastrophe fund. By assuming the financial risks of the state
catastrophe fund, the bill would remove any reason for lawmakers in
Florida to fix the broken insurance system in their state. By keeping
insurance rates in high risk coastal areas artificially low, the bill
would also encourage development of ecologically sensitive coastal
wetlands.

"Rather than trying to solve the problems facing the state of Florida,
this bill would simply pass the buck to the federal government, and
the American people, while further threatening the environment" Grande
said.

"The American people are deeply concerned by the federal budget
deficit and the record debt facing this country, the last thing they
want to see is another bailout."

From: Mike Hunter on 11 Jun 2010 18:12
Reminds one of the federal take over of our healthcare system, staggering
federal debt as far as the eye can see.


"in2dadark" <in2dadark(a)yahoo.com> wrote in message
news:399b6180-789f-4ab6-a75d-a8582f7e4327(a)z10g2000yqb.googlegroups.com...
> CBO Projects "Beach House Bailout" Cost at $1.7 Billion
>
> WASHINGTON (June 8, 2010) An estimate from the Congressional Budget
> Office(CBO) shows that legislation potentially putting the American
> taxpayers on the hook for Florida's underfunded catastrophe fund would
> add to the already massive budget deficit, the National Association of
> Mutual Insurance Companies said today.
> The CBO has projected that HR 2555, which has also been called the
> "Beach House Bailout" bill, will add $1.7 billion to the deficit over
> the next five years. The measure was introduced by Rep. Ron Klein, D-
> Fla., to ensure that homeowners' insurance rates in his state would
> remain artificially low at the expense of the rest of the country.
>
> Additionally, the bill would remove any incentive for Florida
> lawmakers to fix the broken catastrophe fund, and would instead
> incentivize other states to follow Florida's flawed, under-funded, and
> risky example.
>
> "If enacted, this bill would be a financial disaster for the federal
> budget and the taxpayers," said Jimi Grande, senior vice president of
> federal and political affairs for NAMIC. "It's worth noting that the
> CBO projections don't recognize the potential impact of an active
> storm season. If Florida were to be hit by the same type of storm
> season that we had in 2005, the costs could rise into the hundreds of
> billions."
>
> Grande also noted the perverse incentives created by the bill, which
> as it is written would only provide federal backing to Florida's
> catastrophe fund. By assuming the financial risks of the state
> catastrophe fund, the bill would remove any reason for lawmakers in
> Florida to fix the broken insurance system in their state. By keeping
> insurance rates in high risk coastal areas artificially low, the bill
> would also encourage development of ecologically sensitive coastal
> wetlands.
>
> "Rather than trying to solve the problems facing the state of Florida,
> this bill would simply pass the buck to the federal government, and
> the American people, while further threatening the environment" Grande
> said.
>
> "The American people are deeply concerned by the federal budget
> deficit and the record debt facing this country, the last thing they
> want to see is another bailout."
>


From: FatterDumber& Happier Moe on 11 Jun 2010 19:12
Mike Hunter wrote:
> Reminds one of the federal take over of our healthcare system, staggering
> federal debt as far as the eye can see.
>
>
> "in2dadark" <in2dadark(a)yahoo.com> wrote in message
> news:399b6180-789f-4ab6-a75d-a8582f7e4327(a)z10g2000yqb.googlegroups.com...
>> CBO Projects "Beach House Bailout" Cost at $1.7 Billion
>>
>> WASHINGTON (June 8, 2010) An estimate from the Congressional Budget
>> Office(CBO) shows that legislation potentially putting the American
>> taxpayers on the hook for Florida's underfunded catastrophe fund would
>> add to the already massive budget deficit, the National Association of
>> Mutual Insurance Companies said today.
>> The CBO has projected that HR 2555, which has also been called the
>> "Beach House Bailout" bill, will add $1.7 billion to the deficit over
>> the next five years. The measure was introduced by Rep. Ron Klein, D-
>> Fla., to ensure that homeowners' insurance rates in his state would
>> remain artificially low at the expense of the rest of the country.
>>
>> Additionally, the bill would remove any incentive for Florida
>> lawmakers to fix the broken catastrophe fund, and would instead
>> incentivize other states to follow Florida's flawed, under-funded, and
>> risky example.
>>
>> "If enacted, this bill would be a financial disaster for the federal
>> budget and the taxpayers," said Jimi Grande, senior vice president of
>> federal and political affairs for NAMIC. "It's worth noting that the
>> CBO projections don't recognize the potential impact of an active
>> storm season. If Florida were to be hit by the same type of storm
>> season that we had in 2005, the costs could rise into the hundreds of
>> billions."
>>
>> Grande also noted the perverse incentives created by the bill, which
>> as it is written would only provide federal backing to Florida's
>> catastrophe fund. By assuming the financial risks of the state
>> catastrophe fund, the bill would remove any reason for lawmakers in
>> Florida to fix the broken insurance system in their state. By keeping
>> insurance rates in high risk coastal areas artificially low, the bill
>> would also encourage development of ecologically sensitive coastal
>> wetlands.
>>
>> "Rather than trying to solve the problems facing the state of Florida,
>> this bill would simply pass the buck to the federal government, and
>> the American people, while further threatening the environment" Grande
>> said.
>>
>> "The American people are deeply concerned by the federal budget
>> deficit and the record debt facing this country, the last thing they
>> want to see is another bailout."
>>
>
>
I paid my house insurance today, they sent a thing to sign that I'd
never been convicted of a felony. When I was paying it in person I
asked what the hell is this about? She said they did a 5 year review
and that's one of the questions. I'm not a convicted felon so it
doesn't matter in my case but I got to asking more questions, she said
they don't insure felons and had to drop some clients because they were,
some had been customers for years. No time limit, no matter what the
felony was, no exceptions.
From: Jeff Strickland on 11 Jun 2010 19:35

"FatterDumber& Happier Moe" <"WheresMyCheck"@UncleSamLoves.Mee> wrote in
message news:4c12c2d4$0$11850$bbae4d71(a)news.suddenlink.net...
> Mike Hunter wrote:
>> Reminds one of the federal take over of our healthcare system, staggering
>> federal debt as far as the eye can see.
>>
>>
>> "in2dadark" <in2dadark(a)yahoo.com> wrote in message
>> news:399b6180-789f-4ab6-a75d-a8582f7e4327(a)z10g2000yqb.googlegroups.com...
>>> CBO Projects "Beach House Bailout" Cost at $1.7 Billion
>>>
>>> WASHINGTON (June 8, 2010) An estimate from the Congressional Budget
>>> Office(CBO) shows that legislation potentially putting the American
>>> taxpayers on the hook for Florida's underfunded catastrophe fund would
>>> add to the already massive budget deficit, the National Association of
>>> Mutual Insurance Companies said today.
>>> The CBO has projected that HR 2555, which has also been called the
>>> "Beach House Bailout" bill, will add $1.7 billion to the deficit over
>>> the next five years. The measure was introduced by Rep. Ron Klein, D-
>>> Fla., to ensure that homeowners' insurance rates in his state would
>>> remain artificially low at the expense of the rest of the country.
>>>
>>> Additionally, the bill would remove any incentive for Florida
>>> lawmakers to fix the broken catastrophe fund, and would instead
>>> incentivize other states to follow Florida's flawed, under-funded, and
>>> risky example.
>>>
>>> "If enacted, this bill would be a financial disaster for the federal
>>> budget and the taxpayers," said Jimi Grande, senior vice president of
>>> federal and political affairs for NAMIC. "It's worth noting that the
>>> CBO projections don't recognize the potential impact of an active
>>> storm season. If Florida were to be hit by the same type of storm
>>> season that we had in 2005, the costs could rise into the hundreds of
>>> billions."
>>>
>>> Grande also noted the perverse incentives created by the bill, which
>>> as it is written would only provide federal backing to Florida's
>>> catastrophe fund. By assuming the financial risks of the state
>>> catastrophe fund, the bill would remove any reason for lawmakers in
>>> Florida to fix the broken insurance system in their state. By keeping
>>> insurance rates in high risk coastal areas artificially low, the bill
>>> would also encourage development of ecologically sensitive coastal
>>> wetlands.
>>>
>>> "Rather than trying to solve the problems facing the state of Florida,
>>> this bill would simply pass the buck to the federal government, and
>>> the American people, while further threatening the environment" Grande
>>> said.
>>>
>>> "The American people are deeply concerned by the federal budget
>>> deficit and the record debt facing this country, the last thing they
>>> want to see is another bailout."
>>>
>>
>>
> I paid my house insurance today, they sent a thing to sign that I'd never
> been convicted of a felony. When I was paying it in person I asked what
> the hell is this about? She said they did a 5 year review and that's one
> of the questions. I'm not a convicted felon so it doesn't matter in my
> case but I got to asking more questions, she said they don't insure
> felons and had to drop some clients because they were, some had been
> customers for years. No time limit, no matter what the felony was, no
> exceptions.



That seems odd that they would refuse to insure felons without regard to the
felony.






From: dr_jeff on 11 Jun 2010 22:35
Mike Hunter wrote:
> Reminds one of the federal take over of our healthcare system, staggering
> federal debt as far as the eye can see.

We have no heatlh care system. Already, American businesses are
staggering under the weight of paying for health care for their workers.
That is one of the main reasons that wages of the working people didn't
go up much in the last several years. THis is a burden on businesses
that other countries don't place on businesses.

Of course, your are free to believe what you want, no matter how
convoluted or fantasy-based your ideas.

Jeff
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