Government hurricane reinsurance :headdesk: :headdesk:

Lynne Kiesling

I seriously gave myself an injury yesterday morning when I saw the Wall Street Journal article on the Congressional bill to nationalize hurricane reinsurance. Have we learned nothing about moral hazard from flood insurance, from the savings and loan fiasco, and so on?

So I'm glad that Tim Haab's on the case, pointing out the stupidity of such a policy. Please go read his remarks, but only after you have put something soft on the desk in front of you, for your own protection.