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Water Is Not The Only Thing Rising

Local Neighborhoods Brace For Increase in Flood Insurance Rates

November 17, 2013

WHEELING — Skyrocketing flood insurance premiums resulting from a new federal law could be devastating for many local homeowners if Congress doesn’t act soon to correct the problem, area insurance......

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Nov-17-13 12:53 AM

Every time you turn around some one is trying to screw you..and guess what..It's always an insurance company and the politicians letting them.

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Nov-17-13 1:54 AM

no worry. they passed it and are learning what is in it. wait and see if the affordable care act has clause to divert rivers.

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Nov-17-13 1:55 AM

homes should be built of stainless steel can simply wash them out after any uninvited weather event.

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Nov-17-13 5:07 AM

Sure wish we had 4 more years of Obama! Last one to leave the valley, turn off the lights!!!!

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Nov-17-13 5:43 AM

The truth of the problem is that the federal government has been spending these funds on area’s and organizations and certain non us territories that do not even pay into the program. So like Social Security and medicare once again the government has taken it on its own to expend your money as they see fit to assist and benefit people, areas, organizations and other countries that care nothing about YOU!! And when these funds get low or in debt they do what they charge the American taxpayer and the American homeowner who has already been paying for this insurance and in many cases cannot get the returns because o f the red tape!! I ask you this how much do you think the US government dedicated to the Philippines immediately as in less than 24hrs after the storm hit?? If you guessed anything lower than 10 billion your wrong!! Now ask your legislators how much and how long it took to get assistance to New Orleans and New Jersey?? See anything wrong with this??? But if the citizens do no

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Nov-17-13 6:25 AM

“Insurance companies write the policies for FEMA, and for this administrative work they get 30 percent of the policy premium. Thirty percent of a $30,000 premium is a lot more lucrative than 30 percent of a $3,000 premium, and they carry no risk, FEMA carries all the risk.”

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Nov-17-13 6:43 AM

has anybody on here ever seen someone screw FEMA?

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Nov-17-13 6:51 AM

Hopey-Dopey Change at work: people that own a house have an "unfair" advantage over those who don't.

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Nov-17-13 6:53 AM

While the NFIP was set up in 1968 to insure those in low lying areas because the private insurance industry didn't want the risk the interim, perhaps the GOPeers can assist by employing their gerrymandering skills to aod in re-defining flood zones.

...and refreeze the polar ice caps while they're at it, too!

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Nov-17-13 6:57 AM

That's the price you pay for living on beautiful Wheeling Island or beautiful Wheeling Creek.

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Nov-17-13 7:33 AM

Hit the nail on the head with this quote... "I'm absolutely sure that when they passed this law they did not have a clear picture of all the things that would be affected." We have a LOT of dead weight in Washington.

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Nov-17-13 7:35 AM

I guess Rep. Capito listened to her friends in the insurance industry before she voted FOR this bill.

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Nov-17-13 8:14 AM

Don't live next to the water. Problem solved.

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Nov-17-13 8:26 AM

Everything is rising except what should.

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Nov-17-13 8:31 AM

"It's pretty bad for our community, and for a lot of other ones," he said "It makes your home unresellable."

The word is unsaleable.

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Nov-17-13 8:51 AM

The GOPeers packaged Mitt as a "NON-RESELLABLE" one-shot candidate.

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Nov-17-13 9:23 AM

The NFIP generates 3.6 billion in premium payments! As an earlier poster mentioned the "private" insurance companies manage the program. So why does FEMA fund 2,500 employees and numerous contracts with the NFIP premiums? Because the goberment has never received a dollar they can't spend.

The irony is that Maxine Waters (co-author of the bill) is an ultra-liberal that is for the "little" people. Guess who is getting the new premium increases?

Look at the FEMA interpretation of the 63 page bill (FEMA dot gov) You will need 3 lawyers and an interpreter to figure it out!

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Nov-17-13 9:26 AM

LuzerReputation it is 2-0-1-3, try to keep up.

Dems control the executive and 1/2 of the legislative branches of government, I wonder who is to BLAME for "Government" problems????

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Nov-17-13 9:27 AM

If you are dumb enough to buy a house in the middle of a major river, pay the price or live with the consequences.

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Nov-17-13 9:35 AM

New York City has 400,000 residential and 85,000 commercial properties in the flood zone!

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Nov-17-13 10:47 AM

This Act is not reform, it is another act to get more of citizens money back to FEMA. The geniuses who managed to get it passed didn't have the intelligence to think, "where is the common homeowner going to come up with extra couple thousand(minimum) to purchase this?!" All I can say is if you have flood insurance now, don't let it lapse or you will immediately subjected to the new "rules". Wvhoopie & dawraith:neither of you should comment on every story that is on here for obvious reasons..but again you have. Do you really think all the flooding is due to the Ohio river? At least with river flooding there is notice and many can move items up & somewhat prepare, thus not as many claims from those policies. Flash flooding from streams & creeks is when many areas are flooded and have more damage & claims. So unless you live up on a hill, there is probably a stream near, & you are now in the flood zone.

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Nov-17-13 10:54 AM

wwuthinking...with all due respect..that's a very****** just might come back on you.

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Nov-17-13 10:56 AM

LOL If they start now, and require every insurance company and every city building to hold, "on-going candy bar sales", people (and there are millions who love chocolate) could cover the sale and insurance increases without breaking a sweat. Now they may be so fat that they sweat as they unwrap the candy bar, but your funding would add up quickly. For the healthy group, sell oranges - you would still be in the black as opposed to in the very very red.

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Nov-17-13 11:13 AM

wetzelwoman, Where do you suppose FEMA (federal agency) gets it's funding from now? FEMA is "pork" funding for your representatives! Average about 150 declarations per year since 2000! Do you really think we have 150 disasters per year that deserve federal help? Do note that the average time between "disaster" and Presidential declaration is 45+ days! would a "real" disaster result in a 45 day wait? Disasters fall under the "stafford Act" funding, not a budget item, rather a "use" funding stream.....

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Nov-17-13 11:26 AM

Yes, dyinggov, I know how it gets funded. My comment was "more" of citizens money. Specifically, those paying flood insurance premiums.

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