‘Poor’ Albuquerque Levees Could See Insurance Premium Hikes

March 30, 2010

  • March 30, 2010 at 7:32 am
    NOFLOOD says:
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    The burden of proof is on you to show the Maps are wrong.
    The cost is on you.
    What fema and the insurance agents don’t tell you is

    You may be entitled to Reimbursement of certain expenses.
    US Code from Cornell University
    http://www.law.cornell.edu/uscode/search/display.html?terms=flood&url=/uscode/html/uscode42/usc_sec_42_00004104—-000-.html

    TITLE 42 > CHAPTER 50 > SUBCHAPTER III > § 4104
    § 4104. Flood elevation determinations
    (f) Reimbursement of certain expenses; appropriation authorization
    When, incident to any appeal under subsection (b) or (c) of this section, the owner or lessee of real property or the community, as the case may be, incurs expense in connection with the services of surveyors, engineers, or similar services, but not including legal services, in the effecting of an appeal which is successful in whole or part, the Director shall reimburse such individual or community to an extent measured by the ratio of the successful portion of the appeal as compared to the entire appeal and applying such ratio to the reasonable value of all such services, but no reimbursement shall be made by the Director in respect to any fee or expense payment, the payment of which was agreed to be contingent upon the result of the appeal. There is authorized to be appropriated for purposes of implementing this subsection, not to exceed $250,000.

    Let’s stop this waste.

    Let’s help balance the budget.

    Let’s cut this wasteful federal program.

    Tell your Congressman and Senators not to fund the NFIP.

  • March 30, 2010 at 9:40 am
    anon the mouse says:
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    It is sad, but it appears this NOFLOOD doesn’t have much of anything else to back him up. The levee problems are not the fault with flood insurance, it is the very congressmen and senators you blindly place so much faith. Remember they are the ones who have constructed the federal budgets for the last 50 years with total disregard for maintenance funding in favor of welfare entitlements for the future victims living in the flood protected levee areas. Ans they did that to garner more liberal votes to keep the little tennis shoe wearers in office.

  • March 31, 2010 at 10:11 am
    NOFLOOD says:
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    Ask yourself “who is worse the prostitute, the pimps or the johns”?
    The National Flood Insurance Program in a desperate attempt to stay alive has prostituted itself, their pimps are the insurance industry and yes the tax payer and congress are the johns.
    They have lobbing Congress for mandatory preparation, high risk rates, asking for forgiveness of the note to the US Treasury; lenders must participate or face fines, escrow accounts for enforcement, and so on and so on.
    The program has become so much automated to the point that if a property that is found to be in the flood zone your lender will notify the barrower they must buy flood insurance. If the owner does not comply the leader will open an escrow account for them.
    The GAO has estimates at least 56% of premiums are for selling policies.
    I say estimate because it turns out fema is not keeping track of these cost they paid.
    Yes the flood program is a much like a prostitute, the pumps are the greedy insurance industry and we and congress are the JOHNS.
    Like I said the program is so automated it no longer needs insurance agents to sell their product.
    The program needs to sell direct.
    A savings up to 56% should be possible right away.
    Want to cut your flood insurance bill by 56% or more.
    Tell congress.



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