U.S. may need to ‘rethink’ insurance model in natural disaster prone areas, says fmr. FEMA director

19 Comments

1. We already don't have the coverage option for damages from Natural disasters. It is in the news that Insurance companies will not write policies to cover Natural Disasters. Damages from Hurricane and Flooding, Fires, Tornadoes, etc.

2. Everyone pays insurance by law in Canada and companies require policy holders to mitigate loss and damage, as an example of a different system.

3. Florida is destined to be underwater…loosing battle building there! Tax payers shouldn’t pay for other’s stupidity!

4. Does anyone find it strange that we keep rebuilding nice homes 🏡 in hurricane prone regions?

   We all know it’s only a matter of time before they get destroyed.

   Insurance is not a luxury doesn’t matter how rich you are insurance companies won’t write you a policy if they know they’ll need to replace the entire asset. If you’re rich just be your own insurance company.

   No bank will lend you money for a mortgage if you can’t get home owners insurance because don’t want to be left holding the bag when you’re house gets destroyed.

5. Smart people vacation in Florida and live somewhere else.

6. Build everything inside bubbles

7. I know! Let's pay musk to take trips into space with our taxes instead fixing our infrastructure!

8. I know people are going to call me crazy, but what if we sell Florida back to Spain, and they'll give us a good deal on oranges.

9. Hilary in the Palm Springs area 😡all the issues are over 20 years old that they know about 😃we get sprinkles they close roads 😡

   we got 85 degrees in Aug 😀usually 110 😝and my plants and trees are green😀it was a blessing

   but now I'm sure my home insurance will double because of all this BULL💩 and will have to sell my home and go live in the street with everyone else🖕🏾

   we live in a system of 100% theft

   and as your rates go up they get our tax dollars from all the evil corrupt corporate owned politicians

   😡look what these evil things just did to Maui 😠EVIL

   WE ARE JUST SLAVES🖕🏾

10. After losing so much to stock market, One best investment decision I ever made afterwards was investing in financial markets. Which has earned me $34,970 profit every 14days lately. Trust me guys it pays a lot.>>

11. Because FEMA doesn’t have enough money for short term problems.

12. Republicans love to cut funds until they are affected.

13. Why should Florida get special treatment?? Oklahoma has put up with tornadoes and never got special treatment.

14. Good job Vivek!!

15. Insurance is a scam

16. It's inevitable that folks are going to have to give up building in some areas. That also means forests and flood zones. The taxpayers can't afford to rebuild places that get wiped out every year rolled over.

17. Bubba bubba bubba bo WinCo

18. Just give every Citizen X amount of dollars and get rid of all these government programs. That's every citizen not just the dump ones that live in an areas that get wiped out all the time.

19. Bo bo bowl .bowel of cereal

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