May 08, 2007

Rebuilding the Gulf Coast

The high rates of property insurance in the post-Katrina era have made rebuilding difficult and hit the rental market with higher costs. And some insurers have withdrawn from the Gulf Coast because of the high cost of risk and because of Katrina-related litigation. Gulf Coast state legislatures are mulling over solutions to the economic recovery and home ownership problems resulting from this crisis, as reported in an article published by the National Conference of State Legislatures in State Legislatures, May 2007.

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