Re: Looting after Katrina

Well, not to pat myself on the back or toot my own horn, but in answer to
checking into a remedial math course in all seriousness I doubt that's an
issue. Seven years ago I won first place in the business math competition
for the region at college level. That's beside the point and just to let you
know that I'm not the moron you try to make me out to be just to save your
own face. And if you have been reading you will see that estimates at this
point are $17 to $25 billion FROM INSURANCE CLAIMS. Do you really think that
Swiss Re doesn't have that kind of a cushion from the premiums people all
over the world pay for insurance?

The reason people take out insurance is just for such situations. Yes, they
made a choice to live where they do, and you may think it's dumb, that's
your choice, but that's the reason insurance is there. Your attitude is
mind-boggling at best. I guess everybody should move out of the Midwest
Tornado Alley too, move from Japan, off the earthquake faults...and so on.
Now isn't that silly?

I'm done talking to you. I don't know who you are, my guess is a troll since
you have no signature or name and I refuse to feed you anymore. If you won't
get guts enough to tell which SMT regular you are, then you don't exist.

Dani

"Eponym" <eponym@xxxxxxxxxxxxxxx> wrote in message
news:2nFRe.18012$ih4.16253@xxxxxxxxxxx
> "DJGordon" <danigordon@xxxxxxxxxxxxx> wrote in message
> news:oUERe.5712$ZL4.3079@xxxxxxxxxxxxxxxxxxxxxxxxx
>> Flood insurance is mandatory in high risk areas.
>
> Go back and read your FEMA propaganda again. You seem to have missed this
> part...
>
> "Flood insurance is available to any property owner located in a community
> participating in the NFIP."
>
> That suggests to me that not all communities in hazard areas participate.
>
>> Do you really think the coast of LA is not high risk?
>
> Of course it is high risk. It is extremely high risk. That doesn't mean
> that any rational zoning and building codes have been enforced to mitigate
> that risk, which is quite obvious when you consider the majority of NOLA
> is below sea level. So, a false sense of security is given and taxpayers
> wind up insuring and providing aid for property that is uninsurable in any
> rational sense. I can see there isn't anything rational about your
> thought processes.
>
>> And so what if it exceeds 2 billion....do you think the difference
>> between premiums and payouts for the last 37 years doesn't leave a lot of
>> cushion there?
>
> Um...you call a $11B reserve a lot of cushion when claims, aid, and
> rebuilding expenses for this year alone will probably exceed that by a
> factor of 10? You might want to check on a remedial math course.
>
>> I'm sure everyone on here who has family and friends in the path of
>> Katrina appreciate your calling them idiots.
>
> Truth hurts. Anybody that would live on swamp land, in a hurricane prone
> area, and in something less than a concrete bunker on stilts is pretty
> dumb in my book.
>


.

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