Washington Warming to National Disaster Plan Idea
National News • March 16, 2007
A proposal for a national disaster plan to backup private hurricane and flood insurance markets appears to be gaining momentum in Washington.
This week, Rep. Barney Frank, D-Mass., chairman of the ...
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Subject: RE: RE: RE: We're lucky to have Barney Frank in Congress
Posted On: March 16, 2007, 1:27 pm CDT
Posted By: Mark
Comment:
Mike,
"- example coastal cost of $3200 - where off the coast was $350 same exposure."
What cost are you talking about? Cost of flood insurance? The flood exposure on and off the coast are NOT the same. The exposure to flood is higher on the coast, therefore the cost of flood insurance will be higher.
I would like to see some accurate statistics on how much of our national economy is driven by our coastline.
Subject: RE: RE: RE: We're lucky to have Barney Frank in Congress
"- example coastal cost of $3200 - where off the coast was $350 same exposure."
What cost are you talking about? Cost of flood insurance? The flood exposure on and off the coast are NOT the same. The exposure to flood is higher on the coast, therefore the cost of flood insurance will be higher.
I would like to see some accurate statistics on how much of our national economy is driven by our coastline.