Explain to me like I’m five why any entity in Florida previously hammered by hurricanes and resulting flooding should receive any discount consideration on flood insurance. Or why rebuilding zoning should be approved in these places, aside from Gordan Gekko seemingly ruling the world now.
This whole thing stinks!! Insurance companies are pulling out of Iowa. For what?? We do not have the natural disasters like many parts of the country. Our tornadoes MIGHT cover 6 counties, nothing like large hurricanes and wildfires. But there is FEMA undermining any reasonable response to these companies by discounting insurance to areas guaranteed to have more problems.
It seems to me that the insurance industry has morphed into a regulated ponzi scheme with well paid administrators benefitting greatly. Everyone reading the story instantly knew the motive. I wonder if anyone would ever convict him.
Explain to me like I’m five why any entity in Florida previously hammered by hurricanes and resulting flooding should receive any discount consideration on flood insurance. Or why rebuilding zoning should be approved in these places, aside from Gordan Gekko seemingly ruling the world now.
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Hey, don’t forget about “The Pledge” to do better after the next round(s) of destruction and FEMA/taxpayer-funded claims payments.
From the article: “…and pledge to rebuild better in the coming years.”
Good on you, FeMa, you negotiated down from a place of strength and got “a pledge.”
This whole thing stinks!! Insurance companies are pulling out of Iowa. For what?? We do not have the natural disasters like many parts of the country. Our tornadoes MIGHT cover 6 counties, nothing like large hurricanes and wildfires. But there is FEMA undermining any reasonable response to these companies by discounting insurance to areas guaranteed to have more problems.
It seems to me that the insurance industry has morphed into a regulated ponzi scheme with well paid administrators benefitting greatly. Everyone reading the story instantly knew the motive. I wonder if anyone would ever convict him.