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Multiple Peril Insurance Act of 2009
Solving Coastal Americans Homeowner Insurance Crisis
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H.R 1264 Multiple Peril Insurance Act of 2009

Bill Summary: The Facts

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Insurance Companies Confess in Court:
"We Wouldn't Pay a Dime" . . . unless sued!

"People who played by the rules

and expected insurance companies

to play by the same rules got screwed."

— Congressman Gene Taylor

Keeping an Eye

on the

Insurance Industry

If you have information on the insurance industry, Rep. Taylor wants to hear from you.

What's new?

Click here to find
what's been added.

Table of Contents (Click the title for more information)

1. Coastal America's Homeowner Insurance Crisis: The Primer

2. Multiple Peril Insurance Basics

Private wind insurance is not available for many coastal property owners
Failure of the Private Market Forces Property Owners in to State Risk Pools
State Insurance Pools Cannot Build Sufficient Reserves
Federal Flood Insurance Coverage Often Leaves Gaps in Coverage
After Hurricanes, Insurers Take Advantage of Homeowners and Taxpayers
Multiple Peril Insurance Would Protect Taxpayers and Homeowners
Flood Insurance Problems Do Not Apply to Multiple Peril Insurance
Federal Backstop Would Not Address Most Coastal Insurance Problems

3. Evidence of Fraud

4. FAQ on Multiple Peril Insurance Act

5. Gene's Editorials on Insurance Reform

6. Gene's Katrina Insurance Stories

Hometown Hero: Straight-talkin' and 'Blue Dog' tough, Rep. Gene Taylor was on the ground before, during and after Katrina.
By Ryan LaFontaine - The Sun Herald/Associated Press, April 17, 2006

Sticks and Stones : Rebuilding Our Future
Story by Stella Pierson/Photos by Cathy Waugh - South Mississippi Living, April 2007

7. Keeping an Eye on the Insurance Industry

Insurance Industry News
Detecting Insurance Industry Confessions

Uncovering Important Industry Information
for America's home and business owners

If you have information on the insurance industry, Rep. Taylor wants to hear from you.

8. Multiple Peril Insurance Act Legislative History

9. NFIP and Coastal America

Coastal America comprises 92% of NFIP policyholders and 94% of its liability.
(Click on Gulf and Atlantic Coast states for news articles on homeowner insurance reform.)

Source: NFIP Policy Statistics as of January 31, 2009.

10. Perspectives from Coastal States
Click on state below for news articles and NFIP data of interest.

Alabama
Connecticut
Florida
Georgia

Louisiana
Maryland
Massachusetts
Mississippi

New Jersey
New York
North Carolina
Rhode Island

South Carolina
Texas
Virginia

11. Photo Gallery Hall of Shame

Katrina: Before and After

The Bradley Family Home

Bay St. Louis, Miss.

Homeowners (Wind)
Insurance $60,000
bradley_before

Insurance Company Paid
"O" Before Legal Action
bradley_after

(Click for more before and after photos.)

12. Press Releases and Statements

13. State Sponsored Insurance Pools: Graphs of Billion Dollar Increases 2004 - 2008

Florida Wind Pool 2004-2008

14. The Facts: A 2-page Summary Sheet

I am asking Congress to consider legislation that would allow the National Flood Insurance Program to include an option on wind so American home and business owners can have one property insurance policy for both wind and flood.

Under the rules of this House, it will be done in a way that pays for itself, thus any argument that it would be taxpayer-subsidized is eliminated.

- Rep. Gene Taylor
Multiple Peril Insurance Act of 2009
Multiple Peril Insurance Act of 2009

15. Video Gallery

	Homeowner Insurance Companies Tell Court They "Wouldn't Pay a Dime" . . . Unless Sued! July 1, 2009 Katrina Revisited: In Their Own Words September 2007 Rep. Taylor talks about the homeowner insurance reality from how the industry routinely wrongly and deliberately denied legitimate wind damage claims to the solution to Coastal America's homeowner insurance crisis.
	Rep. Taylor's Testimony Before House Hearings Rep. Taylor on Flood Insurance Bill September 27, 2007 National Flood Insurance Program Hearing: Taylor's Opening June 12, 2007 Natural Disaster Insurance Hearing: Gene Taylor's Opening March 27, 2007 Katrina Insurance Claims Hearing: Rep. Taylor Testimony February 28, 2007

16. What's New?

* Gulfport Office 2424 14th Street Gulfport, MS 39501 Phone: 228.864.7670 Fax: 228.864.3099 View google map	Bay St. Louis Office 412 Hwy 90, Suite 8 Bay St. Louis, MS 39520 Phone: 228.469.9235 Fax: 228.469.9291 View google map	Ocean Springs Office 2900-B Government St. Ocean Springs, MS 39564 Phone: 228.872.7950 Fax: 228.872.7949 View google map	Hattiesburg Office 701 Main Street, Suite 215 Hattiesburg, MS 39401 Phone: 601.582.3246 Fax: 601.582.3452 View google map	Laurel Office 527 Central Avenue Laurel, MS 39440 Phone: 601.425.3905 Fax: 601.425.3906 View google map	Washington Office 2269 Rayburn HOB Washington, D.C. 20515 Phone: 202.225.5772 Fax: 202.225.7074 View google map
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