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All I can say is it’s about time.
Just curious, how many of the supporters of the Flood Insurance program are opposed to the ACA?
I am not sure what the ACA is. This is just like what Congress does. They wrap Flood in with Transportation, Student Loans etc so as to hide the tremendous cost of each. There is no telling how many amendments are included for sweetheart deals for unions and other special interests.
ACA is the Patient Protection Affordable Care Act or Obamacare if you prefer. Chuck, I’m sorry to be so dense but what point are you making?
Here is something weird: On one hand, Obama wants the Federal Gov’t to control health care and replace the private sector health insurance industry with a quasi-governmental system but with regards to the NFIP, his administration came out against making NFIP offer a multi-peril flood policy covering wind. Go figure!
Most of those in the insurance industry support the Federal Gov’s involvement in flood insurance (at least I think they do). I am very sure that most in the insurance industry are opposed to the ACA.
A little hypocritical on our part is my point.
Chuck, forgive me for being a little dense on what ACA meant. I am used to the vernacular of Obamacare which is an Obamanation. I would be in favor of privatizing Flood if the market could support it. I am not sure the companies writing property could handle the Mississippi and its tributaries flooding the middle of the country. They seem to have problems covering the wind, hail, wildfires etc and Property Insurance is a dirty word to a lot of them now. Most of them know that the NFIP has been underfunded and operating in the red for years and I don’t know if they could take enough rate to come out on the coverage. Also, people keep building vacation homes on the seashore or are on rivers and are very vulnerable in the flood zone. How many times should anyone keep rebuilding their property when they choose to live in these areas? Just saying ….
ACA is the “Affordable Care Act”; does it have anything to do with the passage of today’s bill? Accept it or not, yesterday’s ruling should point our legislators in the direction of getting something done rather than allow the kind of partisan gridlock that has made the last two congressional sessions a farce. Move forward already.
Glad to see things are moving in the right direction finally. Now if we could stop the partisan gridlock and govern for the people we would be doing much better. “Affordable Care Act” works for me.
Now that they’ve passed it, we can find out what’s in it.
NFIP doesn’t need to offer wind coverage. That’s already available. On the other hand, maybe we should add flood to ALL property policies and truly spread the risk.
Just wondering if they removed the anti-aboration amendment that was originally part of the flood bill……..as if that had ANYthing to do with flood.
The new reality of politics is to wrap several things in a bill loaded with amendments and usually a “liberal” dose of pork. What do student loans have to do with Flood? Hello Congress! Can you limit your bills to one issue and stick with it? We are very tired of all this and will change Congress out in November.