Good luck to all those insureds with a closing in the next 2 weeks. They’ll probably need it.
Hope that the next extension is for a year, as odds are if this 1-month thing continues, it’ll likely keep repeating itself ad nauseum through the summer with the occasional lapse. Can we say “hurricane season” with no flood insurance?
How ’bout letting people build where they want, whether it’s hazardous or not, with NO government money (OUR money!) to insure them on their poor building choices.
Insurance companies won’t write the risk because they know better. Why does the Federal government think it’s a good idea?
If there were no NFIP to insure the risk, banks would not lend for building in flood prone areas. People probably would not lay out their own money to build there, and the problem would go away.
The way to control Federal spending is to stop Federal spending on stupid programs!
I would have to disagree with you there. All of the USA can flood. If it rains there, it can flood there. Now there are some people that build in areas that are high risk for flooding, and thats where I see where you are coming from. Now that being said, I think the government should get out of the flood insurance business. I think the private sector could do a much better job then the government has been.
Great idea stop funding for a broken system before coming up with a better one first. Don’t get me wrong I abhor my tax dollars going to rebuild homes for ppl without good sense to move out of an area tha habitually floods, but unless there is some kind of solution is able to be pick up where this one leaves off will only make it more expensive.
BigB – sweetie – there is in fact a flood zone Z. Back to flood 101 for you!
Z Area of Unknown Flood Hazard An area of Data Discrepancy or an Unclaimed Area. Internal TFHC designation
FEMA pay’s the insurance industry $ .71 cents of every dollar in premiums it collects.
One Congressman called the NFIP “the worse federal program he has ever seen”.
The NFIP has paid out only $11.6 billion dollars in claims since 1978.
The NFIP owes the US Treasury 20 billion dollar.
FEMA has been unwilling to correct bad data used in new flood maps.
The NFIP puts the burden on the tax payers to correct bad data used for this new insurance maps.
Let’s stop this waste.
Let’s help balance the budget.
Let’s cut this wasteful federal program.
Tell your Congressman and Senators not to fund the NFIP.
Well, before we ask that Congress cut off NFIP, we need to find another way to get flood coverage on homes. We can’t just say “This doesn’t work so we are stopping it, but we do not have anything to replace it with”. I agree that we need to stop the NFIP, but only after we find and try another option first.
All we need is a penny tax (1 cent) on every tangible item purchased each day every day of the week, regardless of the items value (i.e a candy bar or a 2011 Corvette, all year except Christmas.
This will more then pay for free, high quality health care (including providing grants and loans for more people to enter the profession), long term care, disability income, and catastrophic insurance for named perils such as flood, hurricane, earthquake, land slide, and volcanic eruption.
You won’t even need a mandate or law to require people to purchase any of it . You simply just have it by legal American citizenship.
Sounds good in theory, but how can you charge the tax if there is no record for the purchase of an item? Say I sell you an old book I have and you pay me cash. How will there be a tax on it if there is no record of it? And yes, we do buy a LOT of stuff everyday, but we would have to see how much it would bring in vs how much is paid out in medical every day. How many people will then rush to the hospital when they have a case of the sniffles because “Hey, I don’t have to pay for it”.
But you are thinking and bringing new ideas to the table, which is a good thing.
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Good luck to all those insureds with a closing in the next 2 weeks. They’ll probably need it.
Hope that the next extension is for a year, as odds are if this 1-month thing continues, it’ll likely keep repeating itself ad nauseum through the summer with the occasional lapse. Can we say “hurricane season” with no flood insurance?
How ’bout letting people build where they want, whether it’s hazardous or not, with NO government money (OUR money!) to insure them on their poor building choices.
Insurance companies won’t write the risk because they know better. Why does the Federal government think it’s a good idea?
If there were no NFIP to insure the risk, banks would not lend for building in flood prone areas. People probably would not lay out their own money to build there, and the problem would go away.
The way to control Federal spending is to stop Federal spending on stupid programs!
I would have to disagree with you there. All of the USA can flood. If it rains there, it can flood there. Now there are some people that build in areas that are high risk for flooding, and thats where I see where you are coming from. Now that being said, I think the government should get out of the flood insurance business. I think the private sector could do a much better job then the government has been.
Great idea stop funding for a broken system before coming up with a better one first. Don’t get me wrong I abhor my tax dollars going to rebuild homes for ppl without good sense to move out of an area tha habitually floods, but unless there is some kind of solution is able to be pick up where this one leaves off will only make it more expensive.
BigB – sweetie – there is in fact a flood zone Z. Back to flood 101 for you!
Z Area of Unknown Flood Hazard An area of Data Discrepancy or an Unclaimed Area. Internal TFHC designation
FEMA pay’s the insurance industry $ .71 cents of every dollar in premiums it collects.
One Congressman called the NFIP “the worse federal program he has ever seen”.
The NFIP has paid out only $11.6 billion dollars in claims since 1978.
The NFIP owes the US Treasury 20 billion dollar.
FEMA has been unwilling to correct bad data used in new flood maps.
The NFIP puts the burden on the tax payers to correct bad data used for this new insurance maps.
Let’s stop this waste.
Let’s help balance the budget.
Let’s cut this wasteful federal program.
Tell your Congressman and Senators not to fund the NFIP.
Stop the National Flood Insurance Program.
Pretty concerning.
Well, before we ask that Congress cut off NFIP, we need to find another way to get flood coverage on homes. We can’t just say “This doesn’t work so we are stopping it, but we do not have anything to replace it with”. I agree that we need to stop the NFIP, but only after we find and try another option first.
All we need is a penny tax (1 cent) on every tangible item purchased each day every day of the week, regardless of the items value (i.e a candy bar or a 2011 Corvette, all year except Christmas.
This will more then pay for free, high quality health care (including providing grants and loans for more people to enter the profession), long term care, disability income, and catastrophic insurance for named perils such as flood, hurricane, earthquake, land slide, and volcanic eruption.
You won’t even need a mandate or law to require people to purchase any of it . You simply just have it by legal American citizenship.
Sounds good in theory, but how can you charge the tax if there is no record for the purchase of an item? Say I sell you an old book I have and you pay me cash. How will there be a tax on it if there is no record of it? And yes, we do buy a LOT of stuff everyday, but we would have to see how much it would bring in vs how much is paid out in medical every day. How many people will then rush to the hospital when they have a case of the sniffles because “Hey, I don’t have to pay for it”.
But you are thinking and bringing new ideas to the table, which is a good thing.