No. of Recommendations: 27
What people living on the Pacific Palisades, on east coast barrier island or in midwest flood zones forget (doublethink?) is that insurance companies are businesses which have to make profitable decisions, not public charities. In a similar vein, neither should the federal government be. If people insist on living in vulnerable areas (especially those wealthy enough to live "anywhere"), they should either take the risk of "self-insuring" or pay a fair price based on the actuarial probability that their house will have to be replaced in a relatively short period of time. This is not the insurance companys' fault nor the government's.
Jeff
