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Former Clinton Economic Adviser Concludes That Homeowners' Defense Act Is an Effective Vehicle To Help Protect U.S. Homeowners and American Economy From Natural Catastrophes
July 9, 2009The Homeowners' Defense Act of 2009 (HR 2555) is an effective vehicle to help deal with the financial devastation following major natural catastrophes, to alleviate a potential source of shock to the U.S. economy, and to provide assurances to homeowners that they will have the ability to rebuild and recover in the aftermath of a massive hurricane or earthquake, according to a report co-authored by Jon Orszag, a former economic advisor to President Clinton, and economist Doug Fontaine. Full release.