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Originally Posted by Tombstone
Question: Should there be a limit on insurability and government bailouts for this and other regions of the country that sustain huge amounts of damage on an *ongoing basis - year after year?
"An early estimate of insured damage from the storm the second to strike the state in three weeks was between $2bn and $10bn, according to Risk Management Solutions, which provides risk assessments for the insurance industry."
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Isn't insurance for houses like insurance for cars? That is, the history of risk
of the individual/car dictates the premium, as does the risk of the house/location
and previous claims/risk assessment?