National News
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House-Passed Flood Insurance Bill Includes Windstorm, Business Interruption Options
National News • September 28, 2007
The U.S. House of Representatives has passed a measure updating the nation's flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Wind And Flood | Tony | Nov 26, 2007, 5:48 pm |
| RE: Government Insurance | Not for nothing | Oct 3, 2007, 9:28 am |
| RE: RE: wind & water | Stat Guy | Oct 2, 2007, 12:14 pm |
| RE: RE: Solution? | Observer | Oct 1, 2007, 3:45 pm |
| RE: wind & water | Tinkerbell | Oct 1, 2007, 3:06 pm |
| RE: wind & water | Stat Guy | Oct 1, 2007, 2:30 pm |
| RE: Solution? | Tinkerbell | Oct 1, 2007, 2:11 pm |
| RE: Solution? | tom | Oct 1, 2007, 2:06 pm |
| Solution? | Observer | Oct 1, 2007, 1:50 pm |
| RE: wind & water | tom | Oct 1, 2007, 1:00 pm |
| RE: wind & water | Sam | Oct 1, 2007, 1:00 pm |
| RE: wind & water | Nobody Important | Oct 1, 2007, 11:44 am |
| wind & water | tinkerbell | Oct 1, 2007, 11:34 am |
| RE: RE: wind & water | tom | Oct 1, 2007, 11:12 am |
| RE: wind & water | tinkerbell | Oct 1, 2007, 10:49 am |
| Maxine Waters is an Idiot | tom | Oct 1, 2007, 10:27 am |
| RE: Say goodbye to private gulf coast wind insurance. | Stat Guy | Oct 1, 2007, 6:45 am |
| Sinkhole Trouble in Florida | Bob | Sep 29, 2007, 7:13 pm |
| RE: Bob & Sam.... | Mark | Sep 29, 2007, 8:45 am |
| I would like you all to pay for.... | Gill Fin | Sep 28, 2007, 9:10 pm |
| RE: gotcha | Mark | Sep 28, 2007, 4:48 pm |
| RE: RE: RE: gotcha | Mark | Sep 28, 2007, 4:40 pm |
| RE: RE: RE: Wind & Water | Mark | Sep 28, 2007, 4:33 pm |
| RE: RE: gotcha | BTS | Sep 28, 2007, 4:26 pm |
| RE: gotcha | RAL | Sep 28, 2007, 4:18 pm |
| Hey Native South Floridian | Sam | Sep 28, 2007, 4:07 pm |
| Rates & Risk | Sam | Sep 28, 2007, 3:45 pm |
| RE: gotcha | BTS | Sep 28, 2007, 3:29 pm |
| gotcha | tinkerbell | Sep 28, 2007, 3:25 pm |
| RE: RE: gotcha | Nobody Important | Sep 28, 2007, 3:20 pm |
| RE: gotcha | Mark | Sep 28, 2007, 3:16 pm |
| RE: RE: Government Help | BTS | Sep 28, 2007, 3:10 pm |
| Massachusetts' dilemma | geoff | Sep 28, 2007, 3:01 pm |
| RE: Government Help | Apparent | Sep 28, 2007, 3:00 pm |
| RE: RE: RE: Wind & Water | Nobody Important | Sep 28, 2007, 2:35 pm |
| RE: RE: RE: Bob & Sam.... | Dawn | Sep 28, 2007, 2:33 pm |
| Government Help | BTS | Sep 28, 2007, 2:22 pm |
| RE: RE: RE: Wind & Water | Cap | Sep 28, 2007, 2:21 pm |
| Wind & Water | tinkerbell | Sep 28, 2007, 2:09 pm |
| Thank Goodness This Will Be Veto'ed | DWT | Sep 28, 2007, 2:09 pm |
| RE: RE: Wind & Water | Gene Corvino | Sep 28, 2007, 2:07 pm |
| RE: RE: Bob & Sam.... | Doug | Sep 28, 2007, 1:59 pm |
| RE: Wind & Water | cap | Sep 28, 2007, 1:53 pm |
| RE: Bob & Sam.... | Nobody Important | Sep 28, 2007, 1:44 pm |
| Wind & Water | Gene Corvino | Sep 28, 2007, 1:42 pm |
| RE: gotcha | Cap | Sep 28, 2007, 1:38 pm |
| RE: Wind & water | John | Sep 28, 2007, 1:33 pm |
| gotcha | tinkerbell | Sep 28, 2007, 1:31 pm |
| Bob & Sam.... | Native South Floridian | Sep 28, 2007, 1:30 pm |
| FSeven | Doug | Sep 28, 2007, 1:29 pm |
| gotcha | Cap | Sep 28, 2007, 1:25 pm |
| RE: If the federal government is so concerned about this pro | FSeven | Sep 28, 2007, 1:15 pm |
| RE: Re: Dawn | Dawn | Sep 28, 2007, 1:11 pm |
| Wind & water | Tinkerbell | Sep 28, 2007, 1:06 pm |
| Re: Dawn | Cap | Sep 28, 2007, 1:01 pm |
| RE: RE: Again the fingers get pointed at Florida....... Bob, | Dawn | Sep 28, 2007, 12:54 pm |
| RE: Again the fingers get pointed at Florida....... Bob, | Sam | Sep 28, 2007, 12:30 pm |
| Write... | Sam | Sep 28, 2007, 12:28 pm |
| Again the fingers get pointed at Florida....... Bob, | Dawn | Sep 28, 2007, 12:27 pm |
| If the federal government is so concerned about this problem | gill fin | Sep 28, 2007, 12:06 pm |
| Smart thinking | carlfarm | Sep 28, 2007, 11:40 am |
| We are going in the wrong direction | Bob | Sep 28, 2007, 11:34 am |
| Like watching a slow motion car wreck... | Flood Veteran | Sep 28, 2007, 11:34 am |
| Government Insurance | tiger | Sep 28, 2007, 11:33 am |
| RE: Say goodbye to private gulf coast wind insurance. | Mark | Sep 28, 2007, 9:09 am |
| Say goodbye to private gulf coast wind insurance. | Cap | Sep 28, 2007, 8:36 am |
| Acactuarially Sound Rates??? | Mark | Sep 28, 2007, 8:32 am |
| Back to article | ||
Subject: RE: Wind & Water
The argument isn't about redundant coverage. I did bring up the notion that insurers would have to file new forms that allow for X-wind, and I was wondering if state regulators would permit them - but that's not the real point of contention on this topic.
The argument is whether national government should have a role in the wind insurance business at all. I think the heavy debt that NFIP generates would say that the answer is no. We all still pay through the nose with a national program, we just pay more, and we pay it to the government instead of private industry. Government profits (I know, I know oxymoron) aren't taxable either. It's like a loss to private enterprise AND a loss to the tax base.
The only advantage to a national program is for people who live in high-risk areas and have a difficult time finding "affordable" insurance - Affordable usually being defined as the national average plus or minus 10%.