Like his twisted truth about drilling for oil. He actually just put it off until later to “study” an industry that 100 yrs old. Double talk to bleed America some more.
Rotting from within
Correct! He flip flops on that a massive change from his campaign promise to the environmental base. It takes approximately 3 years to start extracting oil not 12 like he was preaching during the campaign. (12 years is good number – serves as president two terms – 8 years + the 3+ years to drill and extract oil, there’s your 11/12 years). But Sheik Obama is so beholden to his Saudi Islamic brethren that he’s keeping us indentured to OPEC and Chavez. Now that he’s nationalized the auto industry, banking, insurance he might as well go after petroleum/energy industry and indenture the American people so the government can control every aspect of the economy. Of course he will face no scrutiny from the so-called mainstream media for having lied again I mean changing his mind.
SO with Congress out for their recess break, and the NFIP suspended indefinitely, what do people get this coverage in the near term? I’m new to the insurance industry, so can someone explain to me how the current flooding in the Northeast isn’t hanging these people out to dry?
News Reader – Yes, the people in the northeast have legitimate concerns, but you have to remember, for the individual that just wants to purchase flood insurance because it rained, there would be a 30 day waiting period under normal circumstances. They still wouldn’t be covered immediately.
People with existing policies will have claims paid as normal, although it’s possible they may be delayed, particularly if the existing policy is supposed to renew during this hiatus.
Assuming Congress reinstates the NFIP retroactively, as they usually do, these circumstances will work themselves out, but there is always the chance that they won’t make it retroactive, which could cause a lot of problems for people. I think the potential political backlash from that would prevent it from happening however.
Let’s set the record straight: the CBO (Congressional Budget Office) has rated the NFIP a “budget neutral” entity. NO IMPACT on the budget or economy. Requires NO FUNDING from the Federal Government. Which REALLY makes it a total no-brainer to let it stand on its own, be voted on get it out of the legislature completely and permanently. Not sure why that does not happen. Surely SOMEONE among the 100 members of the senate would notice this and stop wasting time on it…
Thank you Tom Coburn for putting the brakes on an already struggling Real Estate Market. How do you expect the economy to rebound if we are unable to close our real estate transaction. Thank you now we have a homeless buyers, a seller who is paying another months mortgage, and realtors and loan officers who’s own families depend on the closings so that they can pay their mortgages. Thanks for adding to the pain and suffering Mr. Coburn.Realtor Houston Texas
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Like his twisted truth about drilling for oil. He actually just put it off until later to “study” an industry that 100 yrs old. Double talk to bleed America some more.
Rotting from within
Correct! He flip flops on that a massive change from his campaign promise to the environmental base. It takes approximately 3 years to start extracting oil not 12 like he was preaching during the campaign. (12 years is good number – serves as president two terms – 8 years + the 3+ years to drill and extract oil, there’s your 11/12 years). But Sheik Obama is so beholden to his Saudi Islamic brethren that he’s keeping us indentured to OPEC and Chavez. Now that he’s nationalized the auto industry, banking, insurance he might as well go after petroleum/energy industry and indenture the American people so the government can control every aspect of the economy. Of course he will face no scrutiny from the so-called mainstream media for having lied again I mean changing his mind.
SO with Congress out for their recess break, and the NFIP suspended indefinitely, what do people get this coverage in the near term? I’m new to the insurance industry, so can someone explain to me how the current flooding in the Northeast isn’t hanging these people out to dry?
http://www.msnbc.msn.com/id/36085345/ns/weather/
News Reader – Yes, the people in the northeast have legitimate concerns, but you have to remember, for the individual that just wants to purchase flood insurance because it rained, there would be a 30 day waiting period under normal circumstances. They still wouldn’t be covered immediately.
People with existing policies will have claims paid as normal, although it’s possible they may be delayed, particularly if the existing policy is supposed to renew during this hiatus.
Assuming Congress reinstates the NFIP retroactively, as they usually do, these circumstances will work themselves out, but there is always the chance that they won’t make it retroactive, which could cause a lot of problems for people. I think the potential political backlash from that would prevent it from happening however.
I WANT TO KNOW WHAT IDIOT ATTACHED IT TO THE UNEMPLOYMENT BILL
Let’s set the record straight: the CBO (Congressional Budget Office) has rated the NFIP a “budget neutral” entity. NO IMPACT on the budget or economy. Requires NO FUNDING from the Federal Government. Which REALLY makes it a total no-brainer to let it stand on its own, be voted on get it out of the legislature completely and permanently. Not sure why that does not happen. Surely SOMEONE among the 100 members of the senate would notice this and stop wasting time on it…
Thank you Tom Coburn for putting the brakes on an already struggling Real Estate Market. How do you expect the economy to rebound if we are unable to close our real estate transaction. Thank you now we have a homeless buyers, a seller who is paying another months mortgage, and realtors and loan officers who’s own families depend on the closings so that they can pay their mortgages. Thanks for adding to the pain and suffering Mr. Coburn.Realtor Houston Texas