Word: donelon
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Dates: during 2000-2009
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...canceling policies outright. How can hurricane-prone states retain coverage? "The only solution is to get the Federal Government to do what it did after September 11 and recognize that some risks are too large and costly for the private-insurance market to absorb on its own," says James Donelon, the state insurance commissioner of Louisiana. The Terrorism Re-Insurance Act of 2002 made $100 billion in federal money available as a backstop for buildings vulnerable to terrorism. Donelon advocates a similar fund for cities threatened by climate change...
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