Ensuring fairness

The insurance industry bought and paid for the politicians years ago and the politicians aren't about to go against anything that the insurance companies don't want to happen. We have the best government dirty money can buy. Our politicians don't serve the people, they serve those who slip the envelopes full of money into their coats hanging in the hall closet every time they come visiting.

I agree with Grandma Fudd! The only way I see that may change the current government of 'For the Business, By the Business and Of the business is to have taxpayer funded election campaigns. Take the business out and put the people back in!

The title of the article should be "Ensuring Subsidies" for costal developers and residents.
Adding wind coverage to the Flood Program is sheer folly. The premiums the NFIP collects don't even cover the interest payments on the debt it has accumulated. The rates in the program are a political football, and NOT actuarially sound.
Sure the politicians swear the new rates will be based on the risk, I'm guessing for the first five minutes until they realize how many votes they would lose if they charged the real cost. More government is NOT the answer.
As for the companies that committed the breach of contract and / or fraud, they should be wrung through the courts and their names dragged through the mud. Let consumers far and wide know how they conduct business.

Yea...lets get the Fed gov "fully invested" in the insurance industry. We know they can run things right.......... get a life people. The government at any level is so totally incompetent in business matters. It scares me that FL gov threw so much into the catastrophy fund, so that our homeowners insurance would go down.......How did that work for you all?

Government involvement is not the answer.

This article is exactly the reason less and less people are buying the newspaper. Adding Wind covg to the Federal Govt would be a disaster. As mentioned in another post the NFIP is in dept and doesnt cover its losses with its premiums and hasnt for years.
Insurance companies have been taken to court in Miss., and LA. and in the vast majority of cases they have won. Why, because most of these people suing did not purchase flood insurance and want their flood claims paid by an insurance company who collected no premiums for the flood risk. Everyone knows or at least should know that your homeowners policy doesnt cover losses from floods. That is why you have flood insurance. Read your policy, its excludes flood damage.
Dont blame the insurance companies because you were either to cheap or ignorrant to purchase the proper coverage.

Once again, you use the term "insurance industry" loosely. There are quite a few companies totally in favor of this legislation. You need to make the disitinction between small regional companies, and giant carriers like Allstate and State Farm, along with the mega-reinsurance carriers. Then your reporting might have some accuracy.

WOW! This editorial proves there really are Aliens on this planet. Ignorant ones at that. I suggest in the future you educate yourself at least somewhat on this issue before you spew information like in this editorial.

Let’s hope they start where they left off. Let’s hope they finish what they started. The second session of the 110th Congress is underway, and once again, especially since Hurricanes Katrina, Rita and Wilma, the public has been reassured of a sweeping overhaul of the National Flood Insurance Program. Realistically, it will take more than hope to rescue a program more than $17 billion in debt, a program that relies upon a disproportionate number of maps that are more than 10 years old to determine a property’s flood risk, a program that penalizes low-risk property owners by charging full actuarial premiums, while it subsidizes premiums paid by high-risk property owners. Frankly, we don’t need hope, we need REFORM and urge you to contact Senator Christopher Dodd (D-CT) who chairs the Senate Committee on Banking, Housing and Urban Affairs www.banking.senate.gov ), and Representative Barney Frank (D-MASS) who chairs the House Committee on Financial Services (http://financialservices.hous e.gov) Remind them, along with the senators and representatives who represent your community, to make Flood Insurance Reform a priority in this congressional session.