Wednesday, May 13, 2009

Obama rejects federal wind insurance for hurricanes

http://www.mcclatchydc.com/homepage/story/68042.html

Homeland security has a say in this WHY?

A shell-shocked Rep. Gene Taylor, D-Miss., said he learned just a few days ago that Homeland Security Secretary Janet Napolitano and Craig Fugate, the nominee to head the Federal Emergency Management Agency, had written lawmakers in opposition to Taylor's legislation.

"I'm obviously extremely disappointed," Taylor told McClatchy," that an administration that ran on 'change you can believe in' did this without taking the time to talk to us."

"I'm particularly angry that they're bailing out AIG, but when it comes to the excessive cost of wind coverage, they're not helping the people of coastal areas," he said. American International Group is one of the nation's largest insurers.