Katrina's Karmic Payback: Insurance Reform

This is the fifth in a series of five to help the Democratic Party, particularly its presidential hopefuls, to get the framework right, to broaden its lens through which it views Katrina, whatâ??s stopping recovery, what will speed up a vibrant recovery, and how Katrina affords us the opportunity to transform the basic quality of life for all Americans.

Congressman Gene Taylor testified before a congressional hearing ". . . the insurance industry apparently no longer wants to cover people for wind damage in coastal America, or will not provide that coverage at a cost that is reasonable, I am asking you to consider legislation that will expand the (federal government's)  National Flood Insurance Program to include all natural perils."

With documentation that Allstate and State Farm are pulling out of writing homeowner policies from the East Coast to the West Coast, from the small beach towns on the Gulf Coast to the Mid West, with skyrocketing health care and workers compensation insurance crippling businesses both large and small, insurance reform is clearly a bread and butter issue that will positively impact nearly everyone of us in some  way.

The insurance execs can think of it as paying off Katrina's Karmic debt. Anyway you slice it, insurance reform . . . it's good for America.

Read Katrina's Karmic Payback: Insurance Reform.