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Your Flood Insurance Premium is Going Up Again, and That’s Only the Beginning

           

miamiherald.com - by Alex Harris - July 24, 2018

The letter might have already come in the mail. “Your building is at high risk for flooding,” it declares in bold. There are ominous charts warning that if you don’t take action, your flood insurance premium could rise up to 18 percent each year.

The bottom line: your flood insurance premium is going up again — and under a policy change the Federal Emergency Management Agency is considering, it could skyrocket even more in coming years.

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ALSO SEE RELATED ARTICLES WITHIN THE LINKS BELOW . . .

CLICK HERE - Risk Rating and Policy Forms Redesign (15 page .PDF document)

CLICK HERE - Federal Flood Insurance Average Premium to Rise 8%

CLICK HERE - FEMA - Flood Insurance Reform - Rates and Refunds

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From Coast to Coast, Middle-Class Communities are Shrinking

CLICK HERE - STUDY - Pew Research Center - America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas

latimes.com - by Don Lee - May 11, 2016

America's shrinking middle class, a growing concern for the economy and a central issue in the presidential race, cuts across virtually all communities from coast to coast, according to a study released Wednesday.

The report by Pew Research Center found that the share of the middle class fell in 203 of the 229 U.S. metropolitan areas examined from 2000 to 2014, including major cities such as New York, Los Angeles and Chicago, which saw a relatively sharp drop in its middle class.

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Cutting Greenhouse Gas Emissions Won't Slow Global Economic Growth — Report

          

Increased use of low-carbon energy sources instead of fossil energy sources is making it easier for countries to decouple economic growth from greenhouse gas emissions, according to a new report.  Photograph: Mick Tsikas/Reuters

New report from green think tank Heinrich Boll shows OECD countries grew their economies 16% in last decade – and cut greenhouse gas emissions 6.4%

CLICK HERE - RESEARCH REPORT - Turning point: Decoupling Greenhouse Gas Emissions from Economic Growth

theguardian.com - by Bruce Watson - September 26, 2015

As the world works out how to avoid catastrophic climate change, one of the biggest questions remaining is whether we can continue to grow economically without also increasing greenhouse gas emissions.

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The Flu, TB and Now Ebola: A Rare Legal Remedy Returns

Discussion of the legal and civil liberties issues involved in quarantines

NEW YORK TIMES                                  Oct. 27, 2014

By and N

It was nearly 100 years ago that an influenza pandemic led to sweeping quarantines in American cities, and it was more than two decades ago that patients in New York were forced into isolation after an outbreak of tuberculosis.

In modern America, public health actions of such gravity are remarkably rare. So the decisions by New York and New Jersey on Friday to quarantine some travelers returning from the Ebola zone in West Africa have taken public officials into unfamiliar legal and medical territory...

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Insurance companies now write Ebola exclusions into policies; offer Ebola-related products

HOMELAND SECURITY NEWS WIRE                Oct. 27, 2014

U.S. and British insurance companies have begun to write Ebola exclusions into their policies for hospitals, event organizers, airliners, and other businesses vulnerable to disruption from the disease.

As a result, new policies and renewals will become more expensive for firms looking to insure business travel to West Africa or to cover the risk of losses from Ebola-driven business interruptions (BI).The cost of insuring an event against Ebola, for example, would likely be triple the amount of normal cancellation insurance — if the venue was in a region not known to be affected by the virus.

Read complete article

http://www.homelandsecuritynewswire.com/dr20141027-insurance-companies-now-write-ebola-exclusions-into-policies-offer-ebolarelated-products

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Let's Stop Improvising Disaster Recovery

submitted by John Patten

      

rockinst.org - by James W. Fossett - July 2013

“We can surge troops and equipment, but you can’t surge trust.” - General Carter Ham

The American intergovernmental system needs to stop improvising the way it manages long-term recovery from major disasters such as Hurricanes Katrina and Sandy and the terrorist attacks of 9/11. From financing to decisions about the proper response to long-term climate change, the American system for disaster recovery is ad hoc, uncoordinated, and reinvented from scratch after every major disaster. As a result, recoveries have been lengthy and conflictual, imposed considerable welfare costs on families and businesses, and have resulted in only marginal improvement in the vulnerability of areas afflicted by these disasters.

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Best of Both Worlds? Northeast Cut Emissions and Enjoyed Growth

Growing Economy, Falling Emissions

Economic growth has been stronger in nine Northeast states that have a current cap-and-trade program. Carbon emissions in those states have fallen much more quickly than in the rest of the country.

       

The New York Times
Sources: ENE; Energy Information Administration

nytimes.com - by Hannah Fairfield - June 6, 2014

Some critics of the Environmental Protection Agency’s new requirements for power plants argue that forcing emissions reduction will curtail economic growth. But the recent experience of states that already cap carbon emissions reveals that emissions and economic growth are no longer tightly tied together. . .

. . . The nine states already in the program — Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont — have substantially reduced their carbon emissions in recent years. At the same time, those states have had stronger economic growth than the rest of the country.

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President Obama Signs Flood Insurance Bill Into Law

President Barack Obama signs flood insurance bill into law.
(AP Photo/Charles Dharapak)

nola.com - by Bruce Alpert - March 21, 2014

WASHINGTON -- President Barack Obama Friday signed into law hard-fought legislation that will limit flood insurance premium increases to no more than 18 percent a year.

White House officials called Sen. Mary Landrieu, D-La., shortly after 1 p.m. CT to say the bill is now law.

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(CLICK HERE - H.R. 3370)

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New Jersey's Handling of Superstorm Sandy Funds Questioned

      

New Jersey Gov. Chris Christie takes questions at a town hall meeting last week in Toms River, N.J. “I never promised you, nor would I, that this was going to be mistake-free,” he said of delivering aid after Superstorm Sandy. (Mel Evans / Associated Press / March 4, 2014)

With many homeowners still waiting for help, officials including Gov. Chris Christie – already battered by the George Washington Bridge scandal – have been accused of incompetence or even favoritism in delivering federal recovery money.

latimes.com - by Joseph Tanfani - March 12, 2014

POMONA, N.J. — His state wrecked and reeling from Superstorm Sandy, Chris Christie made himself the face of New Jersey's comeback effort with a take-charge tour de force that became a cornerstone of an expected run for president.

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House Passes U.S. Flood-Insurance Rate Bill Backed by Realtors

      

Manuel Sanchez takes in the view of his flooded home and property on September 14, 2013 in La Salle, Colorado. Photographer: Marc Piscotty/Getty Images

businessweek.com- by James Rowley - March 4, 2014

The U.S. House passed legislation trimming premiums for government-sponsored flood insurance

The measure would limit premium increases to 18 percent per policy or 15 percent of an average of premiums in a particular flood zone.

The House bill, H.R. 3370, must be reconciled with legislation passed by the Democratic-controlled Senate that House Republican leaders said would roll back too many of the 2012 law’s changes. The Senate bill is S. 1926.

(READ COMPLETE ARTICLE)

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