FEMA to Issue First Catastrophe Bond for Flood Insurance Program

By | April 5, 2018

  • April 5, 2018 at 11:03 am
    Jack says:
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    If global warming is true and the seas are rising, why is FEMA taking a lot of homes on the beach out of VE zones and putting them in AE zones?
    A. Global warming is not true.
    B. The Real Estate lobby is one of the largest in DC and it helps them sell homes.
    C. Wealthy elites in DC are tired of paying thousands of dollars a year for their flood ins on their beach homes.
    D. A,B and C

    • April 5, 2018 at 11:18 am
      Agent says:
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      They need to do something because NFIP is a “Catastrophe”.

      You are entirely correct on Global Warming. We are now in the new era of Global Cooling. Kind of upsets the hoaxers applecart, doesn’t it?

    • April 6, 2018 at 7:58 am
      DNCs Coll(F)usion GPShip Strzok an IceberGowdy says:
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      D. Amirite? Of course I’m right!

  • April 5, 2018 at 11:56 am
    Market Analysis says:
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    The interesting thing about FEMA is that they take forever to pay, have no idea what they are doing, yet we rely on THEIR maps to evaluate risk. A private interest needs to come out and do this efficiently, accurately and properly so we all know in reality what the risks are. Weather patterns have existed long before we all got here and will exist long after we leave. Certain political parties want to make money off if it and that is what is so dumb and scary.

    • April 5, 2018 at 2:40 pm
      Agent says:
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      What is really scary is that these Man Made Global Warming/Climate Change dudes really believe their mantra and it is a religion to them.

      • April 6, 2018 at 7:59 am
        DNCs Coll(F)usion GPShip Strzok an IceberGowdy says:
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        The wasted money and time on the Hoax is even scarier!

  • April 5, 2018 at 3:37 pm
    agent2 says:
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    I just had a complicated post new construction oceanfront elevation certificate. Let me tell you that my WYO underwriters can’t tell me anything about what elevation diff will apply (there are two BFE’s on it) and neither can superiors. I just have to submit. I lost this same one pre construction a few years ago because the same preconstr EC was sent to another WYO by another agent who got a lower rate.

    They don’t even know what to do! Private market needs to do this.they have the claim data. they can figure rates and coverage forms that make sense.

    Any private company that ran this kind of op would have been run out by regulators.

    • April 5, 2018 at 8:26 pm
      okt0ber says:
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      Perhaps you need another WYO company to use? The higher BFE would apply when there are two. It isn’t that complicated. It’s like when a home is only partially in the flood plain – if a part of is touching it, the whole structure is considered high risk. Same applies with the BFE. The surveyor is actually the one who screwed up. You don’t put two BFE’s on an EC. You put the highest one.

      • April 6, 2018 at 8:05 am
        DNCs Coll(F)usion GPShip Strzok an IceberGowdy says:
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        Private industry servicing all/ most of these flood risks would result in corrections to ‘multi-zoning’.

      • April 6, 2018 at 1:27 pm
        agent2 says:
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        Really? it was the same WYO different agent. when you have to “submit for rate” you get opinions, not rates.



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