Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Newspaper contacts | All Access E-Edition | Home RSS
 
 
 

Flood insurance act must be repealed now to avoid crisis

January 15, 2014

Anger. Frustration. Fear. Despair. Those are the kinds of emotions the Biggert-Watters Flood Insurance Act of 2012 is prompting. With good reason....

« Back to Article

 
 
sort: oldest | newest

Comments

(3)

SilverFeather

Jan-17-14 4:04 PM

This has been going on for many, many years. I remember my home owners ins. sky rocketing in 1992 after hurricane Andrew and there wasn't anything I could do about it. The one thing our politicians are NOT going to do is this: They are NOT going to hurt their buddies in the insurance industry! They own so much stock in the industry, they'd only be hurting themselves!

0 Agrees | 0 Disagrees | Report Abuse »

mikekerstetter

Jan-17-14 3:50 AM

What do you propose for those homes that are repeatedly hit by floods?

All insurance premiums are based on risk assessment. It's a fact that young drivers are involved in more car crashes. Adding them to my policy costs a lot of money, and if they crash the premium goes up. Why isn't everyone else subsidizing my auto insurance?

It's the same thing people who live in a flood zone are asking the rest of us to do.

0 Agrees | 0 Disagrees | Report Abuse »

MimLogue

Jan-16-14 8:08 AM

"I can tell you as a Realtor that there aren't any home sales going on flood zones across the country because of Biggert-Waters," said George Kasimos, founder of Stop FEMA NOW, a group fighting implementation of the Biggert-Waters flood insurance law. "We need to do a lot more than what is now in the big spending bill."

Kasimos said he fears the more limited bill added to the omnibus bill might "take momentum" away from efforts to pass a more comprehensive fix for Biggert-Waters.

0 Agrees | 0 Disagrees | Report Abuse »

Showing 3 of 3 comments
 
 

Post a Comment

You must first login before you can comment.

*Your email address:
*Password:
Remember my email address.
or
 
 

 

I am looking for:
in:
News, Blogs & Events Web