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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: RE: gotcha

Posted On: September 28, 2007, 4:48 pm CDT
Posted By: Mark
Comment:
It's not that the insurance companies can't handle the windstorm exposure; it's that the states won't allow insurers to charge an adequate rate for it.

As for the flood exposure, you are partially correct. Flood exposure is too large for any insurer to include in their coverage and be still able to provide an affordable product. The NFIP did not come into being due to insurers dropping flood coverage, as many believe, but rather, the Federal government got tired of paying 100% of the losses for every flood that came along. …again, and again, and again. The NFIP was created to have those living in flood prone areas at least pick up part of the tab through flood premiums.
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
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