Showing posts with label Hurricanes. Show all posts
Showing posts with label Hurricanes. Show all posts

6.6.08

22.5.08

Insurance Companies Jump On Homeowners

Four insurance companies are offering wind coverage in the South Mississippi market, although restrictions apply.

Mississippi Insurance Commissioner Mike Chaney said he has recently approved the "surplus-lines" companies. Surplus-lines companies insure high-risk properties without state regulation of rates or any guaranty in case of insolvency.

They have been active for years in South Mississippi's commercial market, but are now beginning to pick up homeowner customers as well.

The companies are Ironshore, Scottsdale, Republic and Foremost.

Ironshore is offering wind coverage for commercial properties built to code and FEMA elevations.

Scottsdale offers wind coverage to homeowners 2 miles or more from the Mississippi Sound.

Foremost offers wind only for mobile homes in Stone, Pearl River and George counties, a company spokesman said. Foremost policies without wind are available in all six South Mississippi counties for mobile homes and specialty dwellings. A Republic representative could not be reached to comment on its policies, and insurance agents contacted were not familiar with the company

These companies are basically betting that there will not be another Katrina-like storm for many years. They saw a chance to bolster their profits and make the investors happy. Yes, it is good news that homeowners now have an insurance outlet, but the better news is to the companies that will charge high premiums and pray for a slow and quiet hurricane season.

24.4.08

S. MS: SunHerald.com : Katrina museum winning support

SunHerald.com : Katrina museum winning support


I know that we on the Coast get anal sometimes about Katrina, but this area has had 2 of the most destructive hurricanes to ever hit the US. I say that a permanent museum is a good, no an excellent idea. But the only problem will be the it will be politically correct, and that is unacceptable.

Within this museum should have a "Hall of Shame" to include missed opportunities by the government and list of names of those who were defrauding the public. Of course, this will be fought for there will be some names on there that will be embarrassing, but I say screw. If they screwed up during Katrina then let everyone know who they are and what they did, to include those in Washington.

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