Senators’ Flood Insurance Measure Includes Premium Cap, Mitigation, Claims Reforms

July 17, 2019

  • July 17, 2019 at 1:11 pm
    Jack says:
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    = tax payer getting the shaft again.

  • July 17, 2019 at 1:47 pm
    Patroon1 says:
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    There’s so much in here it will never get done in my life time…

  • July 17, 2019 at 2:23 pm
    Russell says:
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    Premium should be based on risk. Why am I going to be penalized when I am not living within a flood prone area. You say I won’t be penalized. I say I will be as a tax payer. Who do you think is going to be paying for the losses and mitigation expenses in the bill. Why do we keep paying for losses and allow building/rebuilding in known flood prone areas? It would be cheaper in the long run to move people put of known flood prone areas and returning the land to wetlands and/or parklands. If you must build in known flood prone areas you should be able to bear the risk/cost of a loss.

    • August 21, 2019 at 9:29 pm
      George Kasimos says:
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      Russel,

      There has been over 250 billion dollars spent in spent in the last decade for all disasters ; wildfire, tornado, wind and flood. This is aid given to homeowners who did not have any insurance, no strings attached.

      Over 80% of homes that are flooded do NOT have flood insurance.

      The only folks doing the right thing are flood policy holders. They pay insurance.

      The program is in debt $20 billion because of govt mismanagement.

  • July 18, 2019 at 6:01 pm
    SacFlood says:
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    We are all responsible for global warming/climate change, which is why we all must pay for it.



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