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Bipartisan Flood Insurance 'Modernization' Bill Boosts Borrowing, Maximum Limits
National News • March 27, 2007
U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that boosts the program's borrowing authority to $21.5 ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: appraisals | Evan | Apr 2, 2007, 11:07 am |
| appraisals | LL | Mar 30, 2007, 7:58 pm |
| RE: RE: Higher Benefits won't Help - if | Evan | Mar 30, 2007, 7:50 am |
| RE: Higher Benefits won't Help - if | adjusterjoe | Mar 29, 2007, 4:37 pm |
| Higher Benefits won't Help - if | dh | Mar 29, 2007, 3:55 pm |
| Thank you | adjusterjoe | Mar 29, 2007, 8:24 am |
| no appraisal needed | LL | Mar 28, 2007, 10:29 pm |
| RE: RE: RE: RE: Back to the Original Subject | adjusterjoe | Mar 28, 2007, 2:13 pm |
| RE: RE: RE: Back to the Original Subject | KAT | Mar 28, 2007, 1:58 pm |
| RE: RE: Back to the Original Subject | adjusterjoe | Mar 28, 2007, 1:39 pm |
| RE: Back to the Original Subject | KAT | Mar 28, 2007, 1:28 pm |
| RE: second home owners again take a beating! | adjusterjoe | Mar 28, 2007, 1:14 pm |
| Back to the Original Subject | adjusterjoe | Mar 28, 2007, 11:07 am |
| RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Extremely Ba | adjusterjoe | Mar 28, 2007, 11:04 am |
| RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Extremely Bad Id | Linda | Mar 28, 2007, 10:57 am |
| RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Extremely Bad Idea | adjusterjoe | Mar 28, 2007, 10:40 am |
| RE: RE: RE: RE: RE: RE: RE: RE: RE: Extremely Bad Idea | Linda | Mar 28, 2007, 10:24 am |
| RE: RE: RE: RE: RE: RE: RE: RE: RE: Extremely Bad Idea | adjusterjoe | Mar 28, 2007, 10:15 am |
| RE: RE: RE: RE: RE: RE: RE: RE: Extremely Bad Idea | adjusterjoe | Mar 28, 2007, 10:12 am |
| RE: RE: RE: RE: RE: RE: RE: Extremely Bad Idea | Linda | Mar 28, 2007, 9:59 am |
| Let us examine | adjusterjoe | Mar 28, 2007, 9:24 am |
| RE: RE: RE: RE: RE: RE: Extremely Bad Idea | djusterjoe | Mar 28, 2007, 8:59 am |
| RE: RE: RE: RE: RE: RE: Extremely Bad Idea | adjusterjoe | Mar 28, 2007, 8:51 am |
| RE: RE: RE: RE: RE: Extremely Bad Idea | Linda | Mar 28, 2007, 8:51 am |
| RE: RE: RE: RE: Extremely Bad Idea | adjusterjoe | Mar 28, 2007, 8:45 am |
| RE: RE: RE: RE: RE: Extremely Bad Idea | DH | Mar 28, 2007, 8:42 am |
| RE: RE: RE: Extremely Bad Idea | ML | Mar 28, 2007, 8:39 am |
| RE: RE: RE: RE: Extremely Bad Idea | adjusterjoe | Mar 28, 2007, 8:35 am |
| RE: RE: RE: Extremely Bad Idea | Linda | Mar 28, 2007, 8:11 am |
| RE: Annual Report... | adjusterjoe | Mar 28, 2007, 7:43 am |
| Annual Report... | DDT | Mar 28, 2007, 7:09 am |
| RE: RE: Extremely Bad Idea | adjusterjoe | Mar 27, 2007, 5:12 pm |
| RE: Premiums | adjusterjoe | Mar 27, 2007, 4:55 pm |
| Premiums | Andrew | Mar 27, 2007, 4:45 pm |
| RE: RE: Extremely Bad Idea | adjusterjoe | Mar 27, 2007, 4:02 pm |
| stricter building codes needed | Mike | Mar 27, 2007, 3:58 pm |
| second home owners again take a beating! | don Hester | Mar 27, 2007, 3:54 pm |
| RE: Extremely Bad Idea | Linda | Mar 27, 2007, 3:15 pm |
| RE: Extremely Bad Idea | Nan | Mar 27, 2007, 3:09 pm |
| Extremely Bad Idea | adjusterjoe | Mar 27, 2007, 2:47 pm |
| RE: flood losses | Linda | Mar 27, 2007, 1:51 pm |
| flood losses | Nan | Mar 27, 2007, 1:12 pm |
| RE: skeptical | Nan | Mar 27, 2007, 1:06 pm |
| skeptical | Compman | Mar 27, 2007, 12:33 pm |
| Back to article | ||
Subject: RE: RE: RE: RE: Back to the Original Subject
You struck the nail squarely on the head. Homeowners/businessowners are paying only a fraction of the true cost of flood insurance. Think about it. Private insurance had no desire to write it as it is a money loser. Flood insurane has a probability factor of near 100%. Who would or could pay the accurate premium? Private insurance now has the best of all worlds. They sell the policy for a commission and have none of the loss ratio to hit their books. The corporate office of the carrier also gets a fee for the statistical data they keep. Then, if they are a large company, State Farm, Allstate, Hartford, etc, they get paid to adjsut the claims. All of this with not enough premium being collected in the beginning. And now teh Congress wants to extend overga efurther? I don't think so.