May 08 2008
Wind Damage - not an option for National Flood Insurance
Well congress decided not to add wind coverage to the National Flood Insurance. Saying that it's too expensive. Gee - why don't they say that about the Iraq War! I guess it's better to die for the country and preserve Iraq's Oil fields then take care of our own US citizens.
Here's today's story:
Wind coverage plan gets walloped
High costs are cited as efforts to add an amendment for wind coverage to the flood insurance bill fails.
BY LESLEY CLARK
lclark@MiamiHerald.com
WASHINGTON –
A Gulf Coast-backed effort to add wind coverage to the National Flood Insurance Program was soundly defeated Wednesday in the Senate amid concerns that it would be too expensive.
The drive to add the amendment to the flood insurance bill failed 19 to 73. Opponents said they were leery of the cost and opposed to federal intervention in private markets.
The whole story:
