PROTECTINGAMERICA.ORG E-NEWS |
Insurance and Financial Advisor Bill seeking financial recovery after catastrophe gets Clinton economist’s support By Bob Graham
July 21, 2009 A bill before Congress to deal with financial devastation following major natural catastrophes has garnered the support of a former economic advisor to President Bill Clinton. Jonathan Orszag, former economic advisor to Clinton, and Doug Fontaine, a California-based economist, co-authored a report on the Homeowners’ Defense Act of 2009 (HR 2555), which they call "an effective vehicle" for restoring homes after catastrophes, saying its provisions would alleviate any shock to the U.S. economy following an incident. The report was sponsored by ProtectingAmerica. Org, a nonprofit organization of first responders and disaster response groups, businesses including insurers, as well as more than 300 other organizations and 20,000 individual members… Read More | 
