Tag Archives: insurance

F for Georgia state integrity

Worst of all fifty states; worse than South Carolina and worse than Michigan: that’s why Georgia’s gets an F on its corruption risk report card from State Integrity Investigation. Gov. Nathan Deal did just sign an ethics bill, but as William Perry, executive director of Common Cause Georgia says,

“It’s like you’re starving for a meal and somebody gave you a saltine cracker.
It’s chock full of loopholes.”

I wonder if this lack of ethics in state government has anything to do with widespread rural poverty in Georgia?

-jsq

Insurer won’t cover fracking losses

Does your insurance policy explicitly list fracking damages among the things it covers? If not, you’re probably not covered, and especially if your insurer is Nationwide. And if your drinking water catches on fire, that’s probably not even considered damage to your property. Remember, natural gas through fracking (plus nuclear) is what Southern Company and Georgia Power (and therefore all the smaller electric utilities in Georgia) are moving to instead of coal.

The River Reporter reported Wednesday, Nationwide insurance: no fracking way

National Casualty (Insurance) Company, part of the Nationwide group of insurance companies, has announced that hydraulic fracturing operations are prohibited in relation to properties it insures.

The company has determined that the exposures presented by hydraulic fracturing are too great to ignore. Risks involved with hydraulic fracturing are now prohibited for General Liability, Commercial Auto, Motor Truck Cargo, Auto Physical Damage and Public Auto (insurance) coverage. The company said it would not bind risks with this exposure, and any policies currently written with the exposure would be non-renewed (following state requirements).

Among the prohibited risks involved in fracking operations listed by the company are contractors involved in fracking operations, landowners whose land has been leased to lessees with fracking operations, frack sand and frack liquid haulers and site prep (dump trucks, bulldozers) or leasing of tanks.

On Thursday they posted (part of) Nationwide’s response:

Continue reading →

Prisons as old age homes

Planning? Prisons aren’t for planning!

David Crary wrote for AP today,

In corrections systems nationwide, officials are grappling with decisions about geriatric units, hospices and medical parole as elderly inmates – with their high rates of illness and infirmity – make up an ever increasing share of the prison population.

At a time of tight state budgets, it’s a trend posing difficult dilemmas for policymakers. They must address soaring medical costs for these older inmates and ponder whether some can be safely released before their sentences expire.

The latest available figures from 2010 show that 8 percent of the prison population — 124,400 inmates — was 55 or older, compared to 3 percent in 1995, according to a report being released Friday by Human Rights Watch. This oldest segment grew at six times the rate of the overall prison population between 1995 and 2010, the report says.

“Prisons were never designed to be geriatric facilities,” said Jamie Fellner, a Human Rights Watch special adviser who wrote the report. “Yet U.S. corrections officials now operate old age homes behind bars.”

No, they were designed to be profit centers for prison profiteers.

Look at this sob story: Continue reading →

Where and why flooding happens

Michael E. Kanell and Ty Tagami, writing in the AJC about More than 16,000 flood-related claims filed in Atlanta area, quote Robert Klein, professor of risk and insurance at Georgia State University:
Moreover, the maps that set out those high-risk areas are “woefully inadequate,” he said.

Maps should be recalibrated to account for continued development and sprawl, he said: destruction of trees, paving of roads and parking lots, addition of new homes to older areas and landscaping all change the way water drains — or doesn’t drain.

And maybe somebody should do something about that continued development and sprawl.