Comments on: Another Insurance Twist http://www.scottharney.com/2006/09/06/another-insurance-twist/ Notes about life, *nix, and other stuff. Thu, 20 Nov 2008 08:05:18 +0000 http://wordpress.org/?v=2.0.11 by: scotth http://www.scottharney.com/2006/09/06/another-insurance-twist/#comment-13 Thu, 07 Sep 2006 13:08:50 +0000 http://www.scottharney.com/2006/09/06/another-insurance-twist/#comment-13 Yep. As I hinted at the tail end of the post, this plays nicely into Nagin's laissez-faire "planning" technique. Let the insurance companies price everyone out of the market and reduce the footprint. No need to guide the recovery of the city. Fixing the insurance mess would take substantial political will at the Federal level. That's not gonna happen. The state insurance commissioner and the legislature can rattle their sabres a little, but Louisiana is too small a fish for them to really care. It's a dollars game and if it costs too much (or potentially costs too much), they pull out. Makes perfect sense as a business decision. We'll likely end up the same as the much bigger and much more wealthy state of Florida with most people insured by the expensive state plan. Yep. As I hinted at the tail end of the post, this plays nicely into Nagin’s laissez-faire “planning” technique. Let the insurance companies price everyone out of the market and reduce the footprint. No need to guide the recovery of the city.

Fixing the insurance mess would take substantial political will at the Federal level. That’s not gonna happen.

The state insurance commissioner and the legislature can rattle their sabres a little, but Louisiana is too small a fish for them to really care. It’s a dollars game and if it costs too much (or potentially costs too much), they pull out. Makes perfect sense as a business decision. We’ll likely end up the same as the much bigger and much more wealthy state of Florida with most people insured by the expensive state plan.

]]> by: mominem http://www.scottharney.com/2006/09/06/another-insurance-twist/#comment-12 Thu, 07 Sep 2006 02:37:18 +0000 http://www.scottharney.com/2006/09/06/another-insurance-twist/#comment-12 Yes Owners are trapped and get no assistance, renters have not place to lice, because Owners are trapped. In time the insurance companies will loosen up (2-3 years). In the mean time we are all stuck, except for large operators who have the ability to spread their risk geographically and offer an "acceptable" risk.. Yes Owners are trapped and get no assistance, renters have not place to lice, because Owners are trapped.

In time the insurance companies will loosen up (2-3 years). In the mean time we are all stuck, except for large operators who have the ability to spread their risk geographically and offer an “acceptable” risk..

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