Brian4Liberty
07-17-2010, 12:19 PM
This week they sneaked another Federal mandate for you to purchase a product through the House (insurance). Not a lot of news on this one. It was applauded by the insurance industry (surprise!). The fact that a similar law has been on the books since 1968 made this less controversial, but no less dangerous. The real key to this collusionary action between the government and the insurance industry is that they are rewriting the FEMA flood maps to include many more homeowners. Hello, you are now in a flood zone, and you must buy flood insurance! And the main excuse to update the maps? "Climate change".
According to preliminary reports, don't be surprised if the new flood maps show you in the flood zone and not your next door neighbor. They appear to be gerrymandering the new maps. Of one thing you can be sure, no one is being removed from a flood zone.
Global warming is going to get expensive...
http://insurancenewsnet.com/article.aspx?id=208242
Today, U.S. Rep. Michael A. Arcuri (NY-24) joined Mayor Gerald Whitehead and other local officials along with impacted residents and business owners to discuss the Flood Insurance Reform Priorities Act of 2010 (H.R. 5114), which passed in the U.S. House of Representatives with strong bipartisan support on Thursday, July 15, 2010. As thousands of families and businesses across Upstate New York face a new requirement to purchase flood insurance as they are remapped by the Federal Emergency Management Agency (FEMA) into new flood zone boundaries
...
http://insurancenewsnet.com/article.aspx?id=208219
FEMA is required to establish flood-risk zones, which determine if property owners must purchase flood insurance. The current five-year flood map modernization initiative aims to update, revise and digitize the flood maps for more than 20,000 communities across the country in response to climate change, increased incidence of flood disasters, and changes to the environment and landscape over time.
Under the National Flood Insurance Program, created by Congress in 1968, property owners in flood-risk zones are required to purchase federally subsidized flood insurance if their property has a mortgage that is backed by the federal government.
http://www.govtrack.us/congress/vote.xpd?vote=h2010-447
House Vote On Passage: H.R. 5114: Flood Insurance Reform Priorities Act of 2010
Number: House Vote #447 in 2010 [primary source: house.gov]
Date: Jul 15, 2010 2:35PM
Result: Passed
http://insurancenewsnet.com/article.aspx?id=208242
PIA Applauds House Passage of Flood Insurance Bill, Urges Improvements in the Senate
July 17, 2010
ALEXANDRIA, Va., July 16 -- The National Association of Professional Insurance Agents issued the following news release:
The National Association of Professional Insurance Agents (PIA) applauds the House of Representatives for passing the Flood Insurance Reform and Priorities Act of 2010 (H.R. 5114). The bill was approved by a vote of 320-90.
"The overwhelming margin of approval demonstrates that there is very broad support for the National Flood Insurance Program (NFIP) and for common-sense reforms to make it better," said PIA Executive Vice President & CEO Leonard C. Brevik. "The five year reauthorization included in the bill will provide the certainty needed to ensure that the flood insurance program continues to provide affordable protection to homeowners and business owners without needless interruptions. We urge the Senate to follow suit and approve H.R. 5114, with some improvements."
According to preliminary reports, don't be surprised if the new flood maps show you in the flood zone and not your next door neighbor. They appear to be gerrymandering the new maps. Of one thing you can be sure, no one is being removed from a flood zone.
Global warming is going to get expensive...
http://insurancenewsnet.com/article.aspx?id=208242
Today, U.S. Rep. Michael A. Arcuri (NY-24) joined Mayor Gerald Whitehead and other local officials along with impacted residents and business owners to discuss the Flood Insurance Reform Priorities Act of 2010 (H.R. 5114), which passed in the U.S. House of Representatives with strong bipartisan support on Thursday, July 15, 2010. As thousands of families and businesses across Upstate New York face a new requirement to purchase flood insurance as they are remapped by the Federal Emergency Management Agency (FEMA) into new flood zone boundaries
...
http://insurancenewsnet.com/article.aspx?id=208219
FEMA is required to establish flood-risk zones, which determine if property owners must purchase flood insurance. The current five-year flood map modernization initiative aims to update, revise and digitize the flood maps for more than 20,000 communities across the country in response to climate change, increased incidence of flood disasters, and changes to the environment and landscape over time.
Under the National Flood Insurance Program, created by Congress in 1968, property owners in flood-risk zones are required to purchase federally subsidized flood insurance if their property has a mortgage that is backed by the federal government.
http://www.govtrack.us/congress/vote.xpd?vote=h2010-447
House Vote On Passage: H.R. 5114: Flood Insurance Reform Priorities Act of 2010
Number: House Vote #447 in 2010 [primary source: house.gov]
Date: Jul 15, 2010 2:35PM
Result: Passed
http://insurancenewsnet.com/article.aspx?id=208242
PIA Applauds House Passage of Flood Insurance Bill, Urges Improvements in the Senate
July 17, 2010
ALEXANDRIA, Va., July 16 -- The National Association of Professional Insurance Agents issued the following news release:
The National Association of Professional Insurance Agents (PIA) applauds the House of Representatives for passing the Flood Insurance Reform and Priorities Act of 2010 (H.R. 5114). The bill was approved by a vote of 320-90.
"The overwhelming margin of approval demonstrates that there is very broad support for the National Flood Insurance Program (NFIP) and for common-sense reforms to make it better," said PIA Executive Vice President & CEO Leonard C. Brevik. "The five year reauthorization included in the bill will provide the certainty needed to ensure that the flood insurance program continues to provide affordable protection to homeowners and business owners without needless interruptions. We urge the Senate to follow suit and approve H.R. 5114, with some improvements."