Friday, April 20, 2007

Donelon Unware Dept. Approved Controversial Insurance Risk Model

Corporate Welfare - Gov't Cover-Up: Insurance Commissioner Jim Donelon said he was not aware that the controversial RMS 60 hurricane computer model had been approved for use in Louisiana. Donelon ordered insurers to temporarily stop using the RMS model that is known to allow insurers to show cause for higher rates. Donelon said he asked insurers that have had rate increases approved but not yet implemented to hold off using the storm model until Florida completes its review of the RMS product. Rebecca Mowbray, New Orleans Times-Picayune 04/20/2007 Read Article: New Orleans Times-Picayune

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