Tag: Janet Napolitano

HR 1264 is done. Stick a fork in it.

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. Continue reading “HR 1264 is done. Stick a fork in it.”

A Quick Thought on Janet Napolitano Taking over at Homeland Security

Obviously the choice to head the Department of Homeland Security is of great interest to the Slabbed so it was natural for me to email one of our sources in Congress to get a feel for Governor Napolitano. I quote:

I don’t know about her specifically, but I expect the Obama Administration generally to be reformers so I think they will be receptive.

(There will be a push)……for adding wind to flood asap and then go to work on a larger all-perils natcat proposal. Eventually………fold the flood program into an all perils insurance program.

Also, there may be strong support for pulling FEMA back out of DHS.

For FEMA and NFIP, I expect the new administration will beef up the federal oversight and reduce the reliance on contractors.

In case our commenters are wondering about my congressional source Continue reading “A Quick Thought on Janet Napolitano Taking over at Homeland Security”