Write Lightning is a blog from writer Deb Thompson.
Everyone is welcome here.
(Some links or topics may not be completely kid-appropriate.)
Everyone is welcome here.
(Some links or topics may not be completely kid-appropriate.)
Fri, Nov 18 2005
Disasters Happen—Here Comes One Now
I'm growing more nervous after reading that there is talk of some sort of national system that might be of assistance to insurance companies after disasters, and might also level out the cost of insurance premiums for those who buy homes and property. I understand that insurance is a form of calculated risk that stretches out cost for the insured. But If one purposely chooses to buy or build a home in a slough or an earthquake-prone area should everyone else pay higher premiums so that the one who made the bad choice can enjoy low premiums and be assured that their claim will be paid out nicely when disaster hits?
It's true that disasters happen everywhere. But do we really want the government and the insurance industry putting their heads together over this? Every piece of legislation that comes from this will discourage people from taking responsibility for their own actions. And resentment will only grow toward those who choose precariously-placed homes—whether the occupants live there because of great wealth or great poverty.
posted at: 10:55 | category: /Politics | link to this entry
I'm growing more nervous after reading that there is talk of some sort of national system that might be of assistance to insurance companies after disasters, and might also level out the cost of insurance premiums for those who buy homes and property. I understand that insurance is a form of calculated risk that stretches out cost for the insured. But If one purposely chooses to buy or build a home in a slough or an earthquake-prone area should everyone else pay higher premiums so that the one who made the bad choice can enjoy low premiums and be assured that their claim will be paid out nicely when disaster hits?
It's true that disasters happen everywhere. But do we really want the government and the insurance industry putting their heads together over this? Every piece of legislation that comes from this will discourage people from taking responsibility for their own actions. And resentment will only grow toward those who choose precariously-placed homes—whether the occupants live there because of great wealth or great poverty.
posted at: 10:55 | category: /Politics | link to this entry
