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Catastrophe Experts Urge Congress to Move Forward with Comprehensive Disaster Plan
August 24, 2010The nation's largest coalition of first responders and catastrophe experts said today that America remains unprepared for and unprotected from a financial calamity if a Katrina-like natural catastrophe strikes the United States. The solution, according to ProtectingAmerica.org, lies in the enactment of a comprehensive catastrophe protection plan like that envisioned in the Homeowners Defense Act of 2010. "When it comes to shoring up the financial system that stands behind homeowners, communities and insurers, we are no better off than we were when Katrina struck. Indeed, given the global economic conditions, we may even be worse off than we were five years ago," according to James Lee Witt, former Director of the Federal Emergency Management Agency (FEMA), and the current co-chair of ProtectingAmerica.org. Full release.
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