Through the private sector. Its not a new situation. Its been around for half a century and today, the stan h, there is a debate about how it should be structured going forward, but the venture sharesn 5 Million People across the country. Larger shares in place like florida and the gulf coast andth other areas that are prone to flooding. E fede as far as specifically, does the federal government take all of the risk for people who purchase these programs, and whats the role. How they work. Historically the National Flood Insurance Program has assumed all of this risk. The policies are written through typically through your standard Homeowners Insurance company, you work with your ordinary agents and directly through the National Flood Insurance Program and fema. Many people use their local agent, but that is simply to facilitate the sale to make it easy to purchase and make it available throughout the country in the same way that everybody is used to purchasing Homeowners Insurance. Wh
Good afternoon. Stocks steady despite jobs and gdp data financials and tech the best performers and telecom and energy the biggest laggards. Bob evans farms soaring, beating Sales Estimates and raising outlook and chicos taking a hit. Comp store sales also missing the mark. Lets get you caught up on latest headlines on har vixt the governmentrun u. S. Flood Insurance Program now says it has already received 35,000 claims, as of noon today and as of midnight, dumped 21 trillion gallons of rain, and its enough to fill half of lake tahoe. And the storm is hitting louisiana now. The state bracing for tornadoes and flooding weve got you covered. Lets go to Team Coverage on the ground in texas. Brian sullivan live in pasadena with the latest on the refineries Contessa Brewer still in houston where businesses are continuing to get back to business. Lets start with you. All right, sara, thank you very much. We want to look at these refineries and show them to you. Right along the buffalo bayou
Our fellow citizens what is taking place. We simply have no choice. Thats sunday night on cspan2s book tv. Continues. Host joining us from South Carolina, Robert Hartwig, a codirector of the center for risk and management, and previously the president for the Insurance Information institute of new york. Good morning. Guest glad to be here. Host we are talking about the National Flood Insurance Program. Can you remind our viewers what the purposes and why we have it . Guest the National Flood Insurance Program, in place 1968, provides coverage for people otherwise unable to obtain insurance against the disaster of flooding. Historically, a Flood Insurance has not been historically available to the private sector. This is not a new situation. It has been around for half a century. At this day and age, there is a debate on should the private sector play a greater role . It ensures currently about 5 Million People across the country and larger shares in places like florida, the texas gulf
They made their taxes lower, and far lower in many cases than ours and jobs left our country. Large corporations changed their Business Models by exploiting jobs to other countries and then shipping their goods back to the United States where they make massive profits and they wouldnt be paying tax to us either so we lost the jobs, we lost the taxes, they closed the buildings, they closed the plants and factories, we got nothing but unemployment we got nothing other businesses, even classic American Brands switch their headquarters to foreign countries. Because of this and other reasons like weak borders, america remains stuck in the past although i have to tell you, we have general kelly here today, and we stopped 78 going up to 80 on the border traffic coming through. In just a short period of time [ applause ] hes done some job whole different world out there right now. Today, we are still taxing our businesses at 35 and its way more than that and think of it, in some cases, way abo
Slightly the nikkei up by 0. 2 . Shanghai composite under pressure as was the hang seng, down by a third of a percent the hang seng down by a third of a percent, shanghai composite down by a half percent in europe, in early trading, mostly green arrows. The dax is up by almost 1 the cac in france up by a half percent. If you check out crude oil prices, yesterday up 1 to 49. 16. This morning wti back down to 48. 99. Lets get an update on Hurricane Irma heres what we know. The most powerful atlantic hurricane on record ham agriculture string of northeastern caribbean islands with winds up to 180 Miles Per Hour its a category 5 storm. Its killed at least eight people and millions are without power. On the island of barbuda, 90 of the buildings have reportedly been destroyed for the latest lets get to nbc meteorologist kale dionne. Its an active time in the Atlantic Basin we have three hurricanes irma, jose and katia thats the First Time Since 2010 the main topic is irma as it marches clos