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Katrina fall-out



 
 
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  #11  
Old August 31st 05, 04:18 PM
Larry Dighera
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On Wed, 31 Aug 2005 15:09:38 GMT, john smith wrote in
::

Larry Dighera wrote:
I can understand how your computer malfunctions might be obliquely
construed as aviation related, on-topic, for this newsgroup, but I
completely fail to see how the subject of this article differs from
obnoxious spam. Or has this newsgroup become Jay's sandbox?


Gee, Larry, is that the pot I hear calling the kettle black?


I'll take that response as your agreement with my assessment.
  #12  
Old August 31st 05, 04:36 PM
sfb
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A) Who said they are insured?

B) Government decide what is built where not the insurance company.

C) For a sufficient premium, most anything could be insured.

"Gig 601XL Builder" wr.giacona@coxDOTnet wrote in message
news:RQjRe.6899

What I don't understand is why the insurance companies let them keep
building houses on the sides of cliffs in California.



  #13  
Old August 31st 05, 05:28 PM
Ash Wyllie
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Jay Honeck opined

I wonder if the insurance companies (and the federal government) will
FINALLY wake up to the fact that building permanent structures below
sea-level in a hurricane zone is folly?


Insurance companies figured this out some time ago. The feds are a bit slower.

Just in the last couple of years (after paying out billions to re-build
homes along the Mississippi -- again) these two entities have wised up and
essentially prohibited building homes and businesses in flood zones.


No need to enact an another law, just end the Federal Flood Insurance program.

Seems like a good idea...






-ash
Cthulhu in 2005!
Why wait for nature?

  #14  
Old August 31st 05, 05:51 PM
George Patterson
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Jay Honeck wrote:
I wonder if the insurance companies (and the federal government) will
FINALLY wake up to the fact that building permanent structures below
sea-level in a hurricane zone is folly?


New Orleans was above sea level when they started building there.

In any case, you seem to be completely blind to the way insurance is supposed to
work. Insurance companies aren't banned from insuring things that are likely (or
even certain to be) destroyed. Nor should they be. Responsible insurance
companies simply set their premiums such that, on the average, they will have
made a profit off each building by the time it is destroyed. That profit doesn't
even have to come completely from the premiums -- insurance companies invest those.

Now, having the government subsidize insurance premiums is certainly a
questionable policy. I suppose the argument is that it is beneficial to the
people in general to do so. Personally, I'm not so sure.

George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.
  #15  
Old August 31st 05, 06:01 PM
john smith
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Just in the last couple of years (after paying out billions to re-build
homes along the Mississippi -- again) these two entities have wised up and
essentially prohibited building homes and businesses in flood zones.


No need to enact an another law, just end the Federal Flood Insurance program.



What was it that was done in North Carolina after the series of
hurricanes a few years ago?

Did the Feds say no more aid for damaged/destroyed structures?
  #16  
Old August 31st 05, 07:32 PM
David Dyer-Bennet
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"sfb" writes:

A) Who said they are insured?

B) Government decide what is built where not the insurance company.


Zoning and such controls what is possible. But, unless you're paying
cash for your entire building process, the people you're borrowing
money from also get a say. Most of them insist on insurance as a
condition of the loan. And it seems completely reasonable (and also
properly libertarian) for insurance companies to get to decide what
things they'll write coverage on.

C) For a sufficient premium, most anything could be insured.


Sure, but the premium may be larger than the cost of building the
replacement, so it's not very useful.
--
David Dyer-Bennet, , http://www.dd-b.net/dd-b/
RKBA: http://noguns-nomoney.com/ http://www.dd-b.net/carry/
Pics: http://dd-b.lighthunters.net/ http://www.dd-b.net/dd-b/SnapshotAlbum/
Dragaera/Steven Brust: http://dragaera.info/
  #17  
Old August 31st 05, 07:39 PM
sfb
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Surprise, surprise, but many folks building on the beach or hillsides
have buckets and buckets of money, pay cash without blinking an eye, and
think nothing of going naked if they can't get insurance especially
since the land is often worth more than the building.

"David Dyer-Bennet" wrote in message
...
"sfb" writes:

A) Who said they are insured?

B) Government decide what is built where not the insurance company.


Zoning and such controls what is possible. But, unless you're paying
cash for your entire building process, the people you're borrowing
money from also get a say. Most of them insist on insurance as a
condition of the loan. And it seems completely reasonable (and also
properly libertarian) for insurance companies to get to decide what
things they'll write coverage on.

C) For a sufficient premium, most anything could be insured.


Sure, but the premium may be larger than the cost of building the
replacement, so it's not very useful.
--
David Dyer-Bennet, , http://www.dd-b.net/dd-b/
RKBA: http://noguns-nomoney.com/ http://www.dd-b.net/carry/
Pics: http://dd-b.lighthunters.net/
http://www.dd-b.net/dd-b/SnapshotAlbum/
Dragaera/Steven Brust: http://dragaera.info/



  #18  
Old August 31st 05, 10:05 PM
Blueskies
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Please post this as the OT topic that it is...


"Jay Honeck" wrote in message news:W1iRe.295446$_o.49447@attbi_s71...
I wonder if the insurance companies (and the federal government) will FINALLY wake up to the fact that building
permanent structures below sea-level in a hurricane zone is folly?

Just in the last couple of years (after paying out billions to re-build homes along the Mississippi -- again) these
two entities have wised up and essentially prohibited building homes and businesses in flood zones.

Seems like a good idea...
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"



  #20  
Old August 31st 05, 11:25 PM
Jay Honeck
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I wonder if the insurance companies (and the federal government) will
FINALLY wake up to the fact that building permanent structures below
sea-level in a hurricane zone is folly?


I can understand how your computer malfunctions might be obliquely
construed as aviation related, on-topic, for this newsgroup, but I
completely fail to see how the subject of this article differs from
obnoxious spam. Or has this newsgroup become Jay's sandbox?


Don't you think it's foolhardy to build hangars, airports, aircraft
manufacturing companies (Piper?), homes and businesses in areas that are
virtually guaranteed to be destroyed by hurricanes?

I mean, it's not like there is a shortage of available land in this country.

I see these pleas for help on TV, and I see these people living in raw
sewage in the Super Dome, and I watch the same three black kids shown
looting New Orleans over and over on CNN (man, are they dead, or what?
Everyone in America can ID those kids!), and all I can think is:

Why the hell were they there? Everyone in America knew that New Orleans --
and everything for 100 miles on each side -- was about to be blasted by
Katrina.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"


 




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