A northeastern Slabber sent me this Cape May County Herald story this morning and I didn’t get far before I almost fell off my chair laughing:
The problem is proximity to the ocean and the amount of losses suffered from Hurricane Katrina and other storms in the southern half of the nation. He said Hurricane Katrina put a number of insurance companies out of business.
Please name us slabbers one such company of any consequence. You simply shake your head seeing the myth of insurer insolvency repeated verbatim. The Herald has been punked.
The reality of the great coastal wind insurance shaft is not lost on the politicos that represent our coastal brothers and sisters in the northeastern US. And I use the term brothers and sisters because this thread I did in April is like Cecil Turtle, never burning up page views but getting us slow and consistent traffic from the Jersey shore. Just last month their politicians confirmed it in Bay St Louis. Northeastern seaboard US Reps Hoyer, Larson, and Israel publicly proclaimed they knew our pain. Our fate had become their fate. Nearly one month later NFIP re-authorization still hangs in the balance and coastal America’s wind problem remains. Continue reading “Cape May New Jersey Feeling the Pressure: Travelers & The Farm Pulling Out”