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Determined there was not enough affordable, of private Flood Insurance. There was a perceived market failure, so they created this program that the taxpayer would provide this insurance to people, and also if you lived in a high risk area, what they floodplain,00year there was a 1 chance in a given year it would flood, then you had a federally backed mortgage. You were required to purchase Flood Insurance. 5. 1 millionhey were policies in the Flood Insurance program. It brings in about 3 billion in premium, but it is 24. 6 billion in the hole. Ands quite a bit in debt has significant problems in being underwritten by the taxpayer. Host this program is currently up for reauthorization during what does that mean . Guest congress with federal programs often authorized it for a certain period of time and then reauthorize ....
The cato institute. Is here to talk about ways to reform the National FloodInsurance Program, which has to be free off the rise by the end of september and is nearly 25 billion in debt. Good morning. First explain what the National FloodInsurance Program is and who uses it. Guest its the main way people who live in floodplains or by oceans or anywhere where they like it flooded, how they get insured. There is now a little bit of private insurance. More than 90 of people get it through this. The big problem with the National Flood insurance is it does not really function all that much like insurance. For instance if you have a house and live in washington, d. C. , the more expensive your house is, more p ....
It, investors want to see an evidence of an improving economy in order to rely less on government policies. Today the Dow Jones Industrial average was off 13 points to 20,650. The nasdaq dropped 17 and the s p 500 lost 3. And another key events over the next few days and weeks could determine direction of stocks. Dominic chu explains. One quarter down, three more to go in 2017. And one of the biggest questions for investors now is whether the market rally since the election can keep going. While there is a general optimism on wall street, maern experts feel as though there are reasons to be at least a little bit cautious in the coming weeks and months. To the extent with edid not have some sort of Corporate Tax reform, that would certainly be a difficulty of the markets. Anything on the political situation, with the elections, whether its upcoming in france or germany la ....
In 1989 to 80 during Hurricane Sandy in 2012. In recent years, significant disaster aid was provided outside the fema Disaster Assistance programs. These charts show how aid programs outside fema have grown. In fact, for Hurricane Sandy, there was less fema assistance from the department of housing and urban development or the department of transportation. We found these additional disaster aid programs dont have the same requirements and restrictions as the fema assistance. Fema assistance is tied to actual disaster damage and is for individuals, governmental entities or certain nonprofits performing governmentlike functions. Fema only spends money on eligible items for eligible applicants, no matter how much money fema receives. Fema mitigation funds must be used on cost and official projects to ensure the feder ....