Home Owners Insurance and Hurricane Katrina

Hurricane Katrina has certainly done a lot of damage to The Gulf Coast. My heart goes out to the people living there. I wish them the best and will be donating some money to the relief effort.

That being said, we need to look at the insurance system in this country.

Home Owners Insurance goes up across the country due to Regional disasters. The major insurance companies always decide to raise everyone's insurance rates to recoup the claims that are then made in the Region in question. This is absurd.

I know that the insurance companies tend to raise rates in the affected region more then they do in Indiana. Why do the rates in Indiana change at all, it makes no sense!

People move down to the Gulf for many reasons. The taxes in those States are lower then in Indiana. The housing market is increasing rapidly and many people think that this proeprty is a good investment. The weather is certainly a factor as well. Many companies have relocated to this part of the country. There are many reasons to move to The Gulf.

I think the people in these affected Regions should have their insurance premiums raised; I think mine should stay as it is.