Tens of thousands of homeowners in Southern California are being forced to buy costly flood insurance because new maps issued by a federal agency say they live in a high-risk flood area.It would be interesting to know what prompted this sudden concern in an area that has been undergoing a drought for a decade now. I would want to know how hard the lobbyists for insurance companies have been working.
The new maps are part of a nationwide effort that FEMA began in 2003 to better identify properties that could flood in a so-called 100-year storm -- the type of deluge that FEMA calculates has a 1% likelihood of occurring in any given year. In much of the country, the redrawn maps greatly increase the number of homes included in flood zones.
"I'm a little bit suspect of FEMA in light of their track record," he said.
No shit!
1 comments:
Am more than a little leery of anything related to insurance companies. They seem to have all the protection of the government, while those footing bills must stand in line.
My former home was shown to be in the flood plain of a seasonal creek. The house was on a hill and it would have probably been inundated if that trickly creek rose and most of Orange County were to be 25 feet under water.
In such a disaster, would any insurance company have the reserves to pay me and my neighbors for the damage?
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