I wonder how many insurance companies are going to go broke from
this? I'll bet they didn't charge premiums that would anywhere near
cover this kind of disaster, whether or not they have to pay for
flooded as well as blown-down homes and businesses and cars.
Hoping that in the rebuild, they use some sense and don't simply
rebuild it as it was, so far below sea level. Perhaps they could use
realistic, non-subsidized insurance rates to encourage people to
build structures in places and ways that will minimize damage. Also
realistically, however, the plans to rebuild with a better mix of
neighborhoods also means that the old neighborhoods will/would never
coalesce again as they were, leaving people feeling disoriented and
distressed, even if they are back in New Orleans.
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Martha Krieg [EMAIL PROTECTED] in Michigan
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