US Needs Coastal Insurance Plan for Next Major Hurricane

After all the money lost from Hurricane Katrina, this is a great idea and should be strongly looked at. Since the insurance rates went up after Katrina, a lot of people decided they just could not afford it and no longer have flood insurance for their homes. The idea of the government becoming the main provider of hurricane insurance in coastal areas, would help regulate the price of the insurance so that everyone could afford it and not be forced to relocate because they are worried they would not be able to replace their home after a hurricane. The other great idea was what the state of Florida is doing, where the government offers a catastrophe fund for private insurers. As I was reading the comments to this editorial, most of them said we should just move inland, that is just stupid, first of all you will never get that many people that depend on the ocean to move inland away from what they depend. And second the tourist attraction that the ocean brings will never go away; there will always be housing and businesses on the coast. We depend on the ocean in many ways, such as trade and fishing and moving inland would stop that. The best way is to set up a catastrophe fund and always be prepared for the next major hurricane. There is that risk that the fund will not be enough but that is why we should start now, so that the fund will be there and be enough to rebuild what we lost.

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