Insurance risks still looming
Because of budget crisis occurring simultaneously among several countries, the crisis on insurance was no longer the main issue. Yet despite of that, coverages are still unaffordable and often aren’t available in many areas. But what’s more worrying is a Senate Bill that encourages the development of Citizens Property Insurance Corp., a state-run insurer, extending the dependence on luck rather than firm rates. Not only that, there is a freezing of rate which is about to expire at the end of 2008 and will then be extended for another year.