George Schloegel of Hancock Bank on the Insurance Crisis in Mississippi

“The status quo of doing nothing is absolutely not acceptable”, said George Schloegel, Chairman and CEO of Hancock Bank, to the assembled members of Congress on our insurance crisis. Banks will not lend on projects that aren’t insured and the lack of insurance options on the coast has killed many otherwise economically viable projects.

[youtube=http://www.youtube.com/watch?v=-fa_XJAVtnA]

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