Federal Flood Insurance Premiums Could Rise in Flood-Prone Areas Under Trump Plan

By | March 12, 2019

  • March 12, 2019 at 9:58 am
    retired risk manager says:
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    Where to start? The feds should not be involved in ANY flood insurance program. There are private insurance companies more than willing to provide coverage. But at a rate that accurately reflects the risk exposure, and do not require a subsidy from every person smart enough to not build in a flood plain. Just stop it. Want to live on the beach, 1-2 feet above sea level, go for it. But don’t expect me to be sympathetic when the inevitable storm hits. And global warming / cooling / climate change …. whatever, not happening. Increased flooding on the Texas coast can be linked, directly, to ground subsidence due to the pumping of ground water.

  • March 12, 2019 at 1:24 pm
    TxLady says:
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    Flood has never been adequately priced to cover the risks. The NFIP program has been subsidized by the government and all taxpayers for years. Every year congress says they will revamp flood, then each year comes a continuing resolution to just go with what it was the prior year. Time to overhaul this dinosaur.

  • March 12, 2019 at 1:30 pm
    Jack King says:
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    TRUMP is a genius! This is a good plan. The more likely you are to flood, the more it will cost!

    • March 12, 2019 at 2:46 pm
      Agent says:
      Hot debate. What do you think?
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      You are right Jack. The Climate Change hoaxers and avowed Socialists wants citizens to continue to subsidize the stupid who build in flood prone areas and they want to rebuild in the same place so we will have to subsidize them again. Time for them to pay their “fair share” if they want to live in these areas.

  • March 13, 2019 at 9:15 am
    Spencer Seto says:
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    Well good post to know this thougts.

  • March 18, 2019 at 1:42 pm
    Louisiana Lady says:
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    All properties with a mortgage should have flood coverage. Odds are you will have a flood before a fire. Quit saying ” I’m not in a flood zone….everyone is in a flood zone. It’s either high hazard or low hazard. When the water starts rising it does not stop at the low to moderate zone.

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