Do the Banks own the Insurance Companies or Vice Versa?

"When was the last time, you ever saw the sunrise?"  Yep, yep it's beautiful outside, the sun came up, blue skies, some small white tuffs and streaks rolling by the blues, treetops are swaying, it's March 6th, 2012.  On facebook people wonder about the Mayan Calendar, cajole with each other, and play music or post witty sayings of the day.

Me, I'm obsessed with the Banks and Insurance Companies for oh so many reasons, but since I believe way too many people can't stay focused on one topic long enough to fix anything out of whack in our economy, I will try like hell to stay focused here:

My main point that I wish the USA Government in particular would embrace like it was chocolate or even possibly future votes is this:  The Banks and their hired appraisers who are licensed to appraise REAL ESTATE have held us hostage as homeowners of varying equities or thereby lacking equities with an old method that needs to be eradicated, the appraisers simply use the most recent 4-6 properties sold bearing similarities to your own home to determine it's value and this has included many foreclosed homes or homes not decorated nor cared for since the 50's and 60's, homes where you go in and truly see hot pink congoleum or chartreuse your pick, some still had the first round of shag carpeting with stick pins from shirts purchased stuck way down deep, and yes believe me these truly have existed yet been used against a caring homeowner.  So your cared home that was appraised for $345,000 in 2008 is now worth per bank standards $225,000 at best due to 3 years of foreclosures and oldsters retired to a seniors home.
However, in the Insurance World a home is worth what it would cost them to rebuild it! If your home used to be worth $345,000 in the banks eyes before the plummet, at worst in the insurance world it might have fallen to $315,000 because that is what the building products and inflated gas prices to lug all those products still equate to for rebuilding purposes, products have not become so much cheaper, and the expert labor to rebuild is still costly even though diminished per hour in many realms.  NO MY DEAR the insurance companies are more on parr with a very real value.
My brilliant deduction here is this major piece needs to be revamped NOW.  When a property is sold let an insurance appraiser go out to inspect it, and see what their compiled report turns out like based on replacement cost!  If this was implemented the entire building industry, and real estate market would be stabilized!  This stability of market would level out all related industries bringing multiple solutions to America.