The newly reintroduced Homeowners' Defense Act is a dangerous steptoward a federal government subsidy of property insurance coveragefor natural disasters.
it was one of the costliest on record. three years ago chuck todd spoke to former deputy secretary of homeland security about whether federal and state governments should set aside dollars ahead of time to help cover costs. at the time the admiral was optimistic. chuck was not. there is a bill in the congress at the moment pending in the house. hr-2555 which would go an awful long way to creating the capability of doing a better job in prefunding and having funds available because we designed it to be there rather than depend on taxpayer bailouts in the after math of these nightmares. this is still not done, though. you sound optimistic that this bill can get passed. this sounds absurd that this hasn t happened yet. that bill died without a vote. to this day there is no national