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Paying the Bills

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« The Return Of The Juggernaut | Main | Yes, some say its just a part of it: Weve got to fulfil de book »

October 25, 2007

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Let's see how the insurance issues play out, too.

Lex...yes I think that will be the big long term issue. I suspect many will find they will not be able to get insurance in the future.

Excellent post, mon ami. I really expect folks in California to take it in the neck from the insurance companies. They no longer think that covering risk is part of their business; making record profits is all they care about. The fact is that they'll *always* make profits but they're as greedy as the rest of the helots.

I guess I ought to be grateful Bush waited as long as he did to fly out for his photo op, but seriously, his presence in the area added a lot more to the stress and complexity of the disaster than it benefited anybody except Bush/Schwarzenegger (photo op).

Insurance will be an issue. Water, however, already is and will only get worse.

I speak from experience. I live in Texas. We have wildfires here. We have droughts here.

We also have T Boone Pickens here, who made an obscene (and wasted it) amount of money from drilling for and selling off oil, and now wishes to do the same thing with water.

One more difference between So Cal and New Orleans - It's a pretty safe bet that most,if not all the home affected in Southern California are insured to the hilt, so I don't see how these homeowners are going to suffer any longer term financial loss. This wasn't the case with a lot of people in New Orleans. But watch as the Bush regime forks over taxpayer money to bail out the insurance companies thereby absolving these companies of their obligations to the people they "insure"

can't remember what show it was, but insurance doesn't cover what they might think it covers. remember how insurance covers the gulf coast victims.

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