A national poll by the Insurance Information Institute in 2016 showed only 12 percent of people in flood-prone coastal areas had flood insurance , down from 14 percent in 2015. "Congress must find a bipartisan solution that ensures the long term financial stability of the program, but it can not be done through onerous premium increases that would make housing unaffordable in our community", Ros-Lehtinen said in a statement.
The reform legislation championed by Rubio, Warren and Sen. Louisiana Insurance Commissioner Jim Donelon requested the latest extension last week, saying there are still thousands of flood victims dealing with their contractors and the challenges of making repairs in a very tight construction market.
Amanda Spartz almost did not renew her home's flood insurance policy after her first year in Florida. "Unfortunately, we don't have an LBJ". Fitch predicted that personal-lines insurers would probably see less substantial insured losses from homeowners' coverage than in past hurricanes because homeowners' policies don't usually cover flood damage.
That's despite the fact that scientists have been warning for years that unchecked development and climate change could cause severe flooding in Houston . Those in harm's way clearly need all the help they can get from the government. "What's going on is so unprecedented and so awful and frightful that Congress is probably going to be very generous in how they do disaster relief", Hunter says.
Estimates are that 80% to 85% of Houston homeowners do not have flood insurance , either private or public. Critics say it's wrong that the program is being subsidized, and that anyone who chooses to live along the coast or in other flood prone areas should have to bear the full cost of that choice.
Understand what NFIP covers: Flood insurance under NFIP is created to help homeowners deal with the financial consequences of flooding but it can differ from typical homeowner's insurance policies. Rates for Floridians are already high because so much of the state is considered high risk for flood, McChristian said. Washers, dryers and freezers (including the food inside) are also covered.
That means people are likely to keep on building where they're at risk of flooding, and not buying insurance. Several Houston-area homeowners and insurance experts also attributed the decreased coverage to tight family finances in recent years due to the drop in oil prices and the region's reliance on that industry.
Others who do have it often discover they are not covered for flooding. Those divides could intensify this month as lawmakers confront three tasks: Formulating an aid package for hurricane victims, raising the debt ceiling and reauthorizing the flood insurance program, which is set to expire by September 30.
She figured she could put the $450 annual premium, due next week, to another use. The NFIP is already deeply in debt and likely will have to be bailed out again by USA taxpayers, as it was after Katrina, to cover the bill for flood damage claims from Harvey .
Elegant in theory, the plan gradually succumbed to real estate interests, with the result that flood insurance enabled rather than managed development along coasts and in other flood-prone areas - ultimately putting more people and property at risk than might otherwise have been the case.
Remember these tweets from President Trump? In March, House Intelligence Chairman Rep. Devin Nunes, R-Calif., said members of the intelligence community "incidentally collected" communications from the Trump transition team during legal surveillance operations of foreign targets.
Then-White House press secretary Sean Spicer told reporters in March that Trump had used the words "wire tapping" to refer to surveillance broadly - an argument Trump used in an interview with Fox's Tucker Carlson at the time. The White House tried to say Trump wasn't explicitly referring to a wiretap, but James Comey , the former Federal Bureau of Investigation director fired by Trump in May, also asked the Justice Department in March to refute the claim .
The explosive accusation created waves throughout Washington, especially since Trump offered up no evidence to back it up. "Don't forget, when I say "wiretapping, ' those words were in quotes", Trump said in an interview with Fox News" Tucker Carlson .
The FBI and National Security Division of the Justice Department "confirm that they have no records related to wiretaps as described" by tweets from Trump published on March 4 of this year, the department said in a court filing in Washington.
The White House announced Saturday that President Donald Trump plans on nominating Rep. Jim Bridenstine , a Republican from Oklahoma, as NASA's next administrator. He argued that from the moment we discovered water ice on the moon, "the American objective should have been a permanent outpost of rovers and machines, with occasional manned missions for science and maintenance, in order to utilize the materials and energy of the Moon to drive down the costs and increase the capabilities of ...
Overall it's a fair trade that works out for both teams in the AFC North. Cleveland picks up a young receiver and a late round draft pick while giving up little capital. Pittsburgh still has the best receiver in football, Antonio Brown, plus Darrius Heyward-Bey, Eli Rogers, DeMarcus Ayers, Cobi Hamilton, and 2017 draft pick JuJu Smith-Schuster at the position, so Ben Roethlisberger will not be hurting for pass-catching options even without Coates.
The goal for the Fund is raising $100 million to use for immediate storm relief efforts and for long term recovery as well as rebuilding. The Rebuild Texas Fund will work with organizations across the state to stabilize families with a focus on four areas: health and housing; schools and childcare; workforce and transportation; and capital for rebuilding small businesses.
The teacher is now facing abetment to suicide charges. Until now you didn't hear any complaint about me but why did the teacher complain about me like this?,"the report quoted from her suicide note". In India, menstruating women and girls are often considered unclean and impure and are subjected to discrimination during their periods when, for example, they may not be allowed to go to the temple, or prepare and touch certain food.
Schools in the city of Orinda are closing early Friday and sports events in several high schools in the area were canceled or rescheduled. "If it gets too hot over the weekend, I'll leave the house and go to a movie". Forecasters say some cities in the San Francisco Bay Area are expected to see triple-digit temperatures. Areas throughout Los Angeles, including the Westwood area and Santa Monica, experienced isolated thunderstorms and showers Thursday evening, according to the NWS's ...
The Lone Fire has been consumed by the R-4 fire. More than 1,000 nuclear detonations occurred at the 1,360-square-mile (3522-square-kilometer) secure federal reservation from 1951 to 1992. The Nevada Department of Transportation reopened the highway Thursday morning, but the BLM said changing conditions could result in additional road closures.
Apple Inc. (NASDAQ:AAPL) has risen 62.48% since September 1, 2016 and is uptrending. It has outperformed by 4.05% the S&P500. Wells Fargo & Company ( WFC ) released the results of the company's expanded account review and found that there are another 1 million "potentially unauthorized accounts" that were opened between January 2009 and September 2016, almost twice what was uncovered after an independent investigation.
During their first meeting in Washington, Mattis and Song vowed to push for the relaxation of a bilateral agreement that limits the range and payload of South Korean ballistic missiles and to ensure the prompt transfer of wartime operational control from the US to South Korea.
After the missile launch over Japan , South Korea conducted a live-fire drill that drew further condemnation from Pyongyang . British Prime Minister Theresa May arrived in Japan on Wednesday for a three-day visit, during which she is expected to hold talks with her Japanese counterpart Shinzo Abe regarding security cooperation and the fight against terrorism among other issues.
The company manufactures devices that connect to users' televisions and allow them to stream content from streaming services, like Netflix, Hulu and Amazon. Roku laid claim to being the top television streaming platform in the United States as measured by total hours streamed. Roku said that marks a 62% growth from the same period a year ago.
Maximum sustained winds were near 100 miles per hour. Shelters in the state created to accommodate hundreds of people were also opened, the state government said. CBS Dallas / Fort Worth's meteorologist Jeff Jamison says computer models for Irma differ on where the storm makes landfall. The storm was expected to travel about halfway up the peninsula before turning out into the Pacific.