Bill draws Bush veto threat

What is so hard to understand about what has happened to these people. They had insurance for wind damage. The problem was that those who lived in a FEMA designated no flood zone did not carry flood insurance. The banks did not require it on a mortgage in these areas. The insurance companies told people they were wasting their money to carry flood in these areas and would not sell them the flood insurance. The insurance companies are blaming 90% of the damages on the water.

Bush is a warmongering Nazi. Why would he care about the coast? All we are is a photo op.

And also now the insurance companies are not offering wind and hail insurance they have forced us to enter the wind pool at a HUGE increase in price

NewsThatHelps wrote:

why the individual insurance companies are not required to include "wind damage" coverage as part of the national flood insurance coverage? Why does the whole burden of flood and wind insurance have to be on the government?

To reply to your question why insurance companies do not offer wind along with the flood insurance is this. First the flood insurance is in no way connected with the insurance company of your choice. You pay that directly to the federal flood insurance program. Before the storm private insurance companies did include wind in the policy along with theft and fire but flood was always through the federal system. Which is not any burden on the government it is not taxpayer money it is compiled of the premiums paid into from everyone in the nation that is in a flood prone area. After Katrina private insurance companies(we won't name names) decided to let the feds foot the bill and have homeowners recieve compensation through only the flood insurance by dening thier claims based on the "evidence" that it was from flooding not wind. Then they dropped the wind from thier policies because of the risk(wind&lawsuits).Homeow ners have only one choice which is the Mississippi Wind Pool, that I understand is similar to the federal flood program only on a state level. So, the few hundred people denied from other agency pay into this"pool" for protection from wind. What the bill proposes is to make the wind pool a federal nationwide program combined with the flood so the costs are shared between all coastal or windprone areas. The government would have saved billions of dollars if this was the case before the storm. 30 billion dollars was spent, much of which insurance companies should have covered. This is a problem that affects everyone. Espeically any of the millions that live near the coastline or those who are paying into state wind pools. This is a solution to the problem of wasteful government spending not a contribution to it.