TromboneAl
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 30, 2006
- Messages
- 12,880
That was a surprise. Anyone know why?
SACRAMENTO – California Earthquake Authority CEO Glenn Pomeroy testified today before the U.S. House of Representatives Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, in support of H.R. 2555 (specifically Title II), which would allow the CEA to lower its earthquake insurance rates and policy deductibles. The subcommittees met jointly to examine this legislation.
That was a surprise. Anyone know why?
I have friends on Bainbridge - what a beautiful place.rodi, my husband is an architect too.
When we looked at earthquake insurance on Bainbridge Island (before the shake a few years ago) we found that the deductible was untenability large for the cost. His approach was to design our house as if it sat on the side of SA fault and pass on the insurance. As a result when that shake did happen only a couple dry wall tape joints were disturbed.
Was there a change in coverage terms?
Which California earthquakes is this Pomeroy guy an authority on? Did any of the California earthquakes assist in his training & examinations before he was deemed qualified to be an authority?SACRAMENTO – California Earthquake Authority CEO Glenn Pomeroy testified today before the U.S. House of Representatives Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, in support of H.R. 2555 (specifically Title II), which would allow the CEA to lower its earthquake insurance rates and policy deductibles. The subcommittees met jointly to examine this legislation.
Which California earthquakes is this Pomeroy guy an authority on? Did any of the California earthquakes assist in his training & examinations before he was deemed qualified to be an authority?
Did any earthquakes testify before this subcommittee?
So, Al, after the next earthquake will you be expecting the state of CA to help you repair the damage?
Part of it is a grab for market share (where they lose a little on each transaction in hopes of making it up on volume) and part of it is the price of laying off their risk on the re-insurance companies.Insurance companies seem to have a dartboard just for determining earthquake premiums.