Reaping the Whirlwind
Mississippi's insurance problem is everybody's.
Mar 26, 2007, Vol. 12, No. 27 • By ELI LEHRER
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Avoiding a government takeover of homeowners' insurance, however, means that some people will have to move, sell for less than expected, or assume massive personal risks. In the end, the situation in Mississippi demonstrates a simple fact: The United States faces a logic that leads either to all private or all public property insurance. Anything in between is becoming untenable.
Eli Lehrer is a senior fellow at the Competitive Enterprise Institute.
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