Wednesday, August 29, 2007

I ain’t got no money: Insurer Offers Fire Protection for the Rich

Sun Valley is an affluent resort community in central Idaho. Folks in Sun Valley don’t sing, “I ain’t got no money.” That’s because there’s lots of money in “them thar hills.”

The “wealthy residents” of Idaho’s Sun Valley are getting some added protection from recent wildfires in the form of a special wildfire protection unit deployed by insurer AIG (American International Group, Inc.).

At the cost of $10,000 a year, AIG will coat the homes of Sun Valley’s rich and famous with a fire retardant gel. AIG says their “service” makes “fiscal sense” rather than reimbursing owners for the cost of a multimillion dollar home. William Yardly, The New York Times 08/28/2007 Read Article: The New York Times

No comments: