Off The Cuff

Congress Is Dragging Their Heels Again Over Insurance

Posted by: From Arkansas in Are You Kidding Me?, It's A Rant, Political News on Aug 26 2007

Welcome back!

This is a subject that makes me so mad. I watched the stories about the folks in New Orleans, Biloxi and other places having so much trouble getting their insurance places to pay up. Do you know that those two hurricanes, Katrina and Rita, hit a couple of years ago? Insurance is still dragging their feet.

Now, so is congress. There needs to be some type of insurance reform so that what happened in Lousiana, Mississippi and Alabama does not happen again. The recent storms in the midwest which have caused floods in many areas, have brought the focus back to the congress to do something about the insurance companies. The big issue here is that the taxpayers are footing the bill again. Insurance companies are trying to cry about how much money goes out. Well, boohoo. They certainly are there when the premiums need to be paid. Funny how they aren’t ready to pay when there is a need.

I really dislike insurance companies. I think they are blood suckers that used to have a real use in the world. Now, I’m not so sure. People pay to these companies and pay and pay and pay the premiums. They threaten to cut of coverage if you do not get that premium in in time. But if you actually need them, it had better not be for flooding damage. They don’t want to pay out for that.

The rest of this is totally confusing to me. The National Flood Insurance Program started in 1968. This program was supposed to relieve the homeowners and the federal government from having high costs. Homeowners were supposed to be able to have flood insurance through this program.

The unfortunate way that congress will reform is to make sure the rates are raised on the policy holders. Why don’t they change the way the insurance companies and the federal program work so that the homeowner doesn’t lose and neither do the taxpayers? I admit this is a confusing mess to me. Perhaps it is to you too.

If you enjoyed this post, make sure you subscribe to my RSS feed!