President Obama Signs Flood Insurance Extension

June 4, 2012

  • June 4, 2012 at 1:49 pm
    Ralph Kramden says:
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    I wonder what other P.O.S. bill was attached to this so that it would get passed?

    • June 4, 2012 at 2:11 pm
      Agent says:
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      Congress doesn’t pass anything without some goodies in it. If we had some leadership at the top, they would have fixed this long ago instead of kicking the can down the road. Never let a good crisis go to waste, right?

  • June 4, 2012 at 4:06 pm
    George Stone says:
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    I realize that funding is the key and comes from the Federal government but why not involve some savvy surplus lines underwriters and agents along with the Army Corps of Engineers to help price the product. Possibly the program could result in a large enough pool of dollars that Federal funding could be substanially reduced. Probably a pipedream but there must be an answer somewhere.

  • June 8, 2012 at 1:58 pm
    tsntyler says:
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    Only signed an extention……just a mere band-aid on the problem. For the NFIP to have some real merit, Congress needs to “bail out” the program’s $18Billion debt (caused mainly by Hurricanes Katrina and Rita), and extend the program for 3-5 YEARS…..NOT months. This would allow for the program to be re-vamped and some appropriate rates to be determined.



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