Sunday, May 15, 2011

Mississippi Floods, Economic Damage and Insurance Companies

With all the levees being opened to relieve the swollen Mississippi River Several thoughts occur to me.
First, the obvious concern and sadness for all the folks who may lose everything.  It’s hard to imagine going through such an event. 

Then, one must wonder at the massive economic loss.  Since I am not in the business of gathering such data I will have to wait to get some idea of the exact economic impact to these localities and the nation.  I know it will be huge.  Now comes several legal and moral questions.