Again our congratulations to Steve for helping to force this issue with our Democratic Presidential candidates. Steve tells me he is still waiting to hear back from the Obama camp. As reported here first and without further analysis here is Anita Lee’s story:
As Mississippi’s Democratic presidential primary approaches, Sen. Hillary Clinton has thrown her support to multiple-peril insurance coverage for coastal communities.
Clinton sent a letter Friday to Senate Banking Committee Chairman Chris Dodd, D-Conn., urging him to consider adding wind coverage to federal flood insurance, a proposal from U.S. Rep. Gene Taylor, D-Miss. A flood-insurance bill left Dodd’s committee without wind coverage.
Clinton noted two major insurance companies have withdrawn coverage from her constituents in coastal New York, a situation that is not isolated.
“Homeowners throughout the country are increasingly facing the Catch-22 of either losing access to catastrophic and homeowners insurance because the private insurers are pulling up stakes and leaving markets altogether or facing skyrocketing premiums that are prohibitive to many working families,” Clinton’s letter said. She also said she will continue to work on a separate insurance proposal to bring long-term stability to the insurance market.
At a campaign event in Hattiesburg on Friday, Clinton addressed another recent Coast Katrina-recovery issue, the debate over Gov. Haley Barbour’s plans to spend $600 million in federal Katrina-relief money to rebuild the Port of Gulfport. Advocates of low-income housing have criticized this, saying the state should spend that money on more housing.
At her rally, Clinton wondered aloud that with the nation’s might and wealth, “Why can’t we do both, rebuild the port, and get these people out of… FEMA trailers?”