ABC News: Government Flood Insurance Program Called into Question

[Eugene]

Government Flood Insurance Program Called into Question

By BRIAN ROSS

Sept. 20, 2005 — More than 100,000 Gulf Coast homeowners who are
expecting help from the federal flood insurance program may be in for
a bitter surprise, according to victims of a hurricane that hit the
state of Maryland two years ago this week.

"Pennies on the dollar. And they'll be unable to rebuild their homes
and lives just as victims from numerous storms across the country have
been subjected to for the last years," says Steve Kanstoroom, founder
of FEMAINFO.us, a Web site advocating for flood victims, including those
whose homes were damaged when Hurricane Isabel triggered a flood surge
in the Chesapeake Bay.

<snip>

Maryland Insurance Commissioner Alfred W. Redmer told ABC News that
FEMA adjusters systematically low-balled the losses of Maryland flood
victims.

<snip>

Even before Hurricane Katrina hit, the Bush administration had
quietly sought to cut back the flood insurance program. In a letter
to Congress, the administration said it was only a form of "aid" and
a "misconception" that the policyholders should be restored to
pre-flood conditions.

<snip>

Full article: http://abcnews.go.com/WNT/Investigation/story?id=1144113

[yy4me]

1. So now we find out that flood insurance is not insurance after all,

just like everything else from this administration, all smoke and mirrors. Nothing can be counted on. This is unbelievable. We keep going downhill, small steps at a time.

[Canuckistanian]

2. Jeez, they never seem to skimp on wars, do they?

Killing foreigners? Here's the key to the vault!

Save some American people's homes? "Insurance was never intended to completely restore homes"

[Tace]

4. No The Insurance Is Intended To Swell The Wallets Of The Insurers

[tom_paine]

3. Third-World corruption for a Third-World Nation

Imperial Amerika.

[OneBlueSky]

5. is there ANYTHING BushCo hasn't fucked up? . . . anything at all? . . .

if they're in office another three years, there will be nothing left of the federal government except wars and rebuilding contracts for Halliburton and Bechtel . . . everything meant to aid individuals will be gutted or out and out destroyed . . .