Given that Mr Obama hails from the home state of both State Farm and Allstate this should surprise no one. The bottom line is it is status quo for wind insurance thus if you’re trapped in the wind pool keep grabbing yer ankles as there is no relief in sight.
Before I link the Sun Herald story a few observations:
- The house oversight committee for the Department of Homeland Security is chaired by Mississippi congressman Bennie Thompson yet Gene could not get a meeting with Janet Napolitano despite trying for two months.
- Nancy Pelosi’s clout with the Obama administration looks to be minuscule to nonexistent.
- Any meaningful regulatory reform with respect to the insurance industry is at least 4 years off.
Maria Recio has the Sun Herald story:
After coming under tremendous pressure to release his hold on FEMA nominee Craig Fugate before hurricane season begins, Sen. David Vitter, R-La. this morning gave the former Florida emergency chief the green light for Senate confirmation.
But, no sooner had Vitter said he was now satisfied that FEMA would resolve his V-Zone issues than another controversy surfaced. Rep. Gene Taylor, D-Bay St. Louis, issued a blistering statement after learning of the Obama Administrations’ opposition to his multi-peril insurance.