Thursday, February 6, 2014

FLOOD INSURANCE PROBLEMS FIXED? NOT SO FAST

I really thought this one was behind us, a victory for the people of Florida in our battle to escape insurance premium hell. Last week we talked about how this looked like a done deal because the Senate had approved the measure handily but it still needed to be brought to the House to be formally voted on and the Republicans had the ability to prevent it from being voted on in the House. That is exactly what they did, so no good news on flood insurance I am afraid. Governor Scott, after calling on Obama to take action last week despite knowing that the Senate and House would decide the issue, now is calling for John Boehner, House Speaker and Republican like Scott, to allow the vote. So not only did Scott not provide relief to Floridians (not his decision to make but his lobbying efforts to make it happen failed and were very misleading at times) he also knows that nearly every House Republican acted to block the vote. 



This is terrible timing as they all face important elections in November. It is also strange since Republicans are historically on the side of the rich and this is something that would help a lot of them (and those people are very rich and big supporters of the party and they give them lots of money in donations) but instead they are taking the stance that bailing the National Flood Insurance Program is more important (remember it is $24 billion dollars in debt). While this seems fiscally responsible, it is going to piss off a lot of people at election time which won’t help them any. So now this issue, along with immigration, mire away in limbo because they cannot be voted on. Politics at work again, and the people suffer. Our best hope right now is for them to redraw the flood zone map which will provide relief for people living far from the water in heavy flood zones. That is something that can be done without Gov’t. approval since it would be a local decision. So in the meantime we just keep getting screwed on insurance of all kinds here in Florida. I am not moving anytime soon but I am not happy in any way about this. How do you feel about it?

Florida Gov. Scott urges Boehner to take up flood insurance fix





Orin Rosenfeld
President
Rosenfeld Realty Advisors
9858 Glades Rd. Suite 209
Boca Raton, FL 33434

Phone: 561-756-1665

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