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Drudge Retort: The Other Side of the News
Friday, September 24, 2021

New federal flood insurance rates that better reflect the real risks of climate change are coming. For some, premiums will rise sharply.

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Good. Enough socialism for the rich.

#1 | Posted by bored at 2021-09-24 11:00 AM | Reply | Newsworthy 2

The premiums aren't rising because of reality-based metrics. They are rising because insurers have a reason and that's all it takes. It doesn't have to be a proven reason. Yes, sea levels are rising in many areas but nowhere near the levels that scientists have claimed they would from the 90s. And considering every other measure out there is also considered a "projection", it just means insurers are raking in the dough for things that aren't proven yet. Right now, science is predicting that the jet stream is going to inch north over the years and cause deserts in many places that aren't deserts today. So using the same logic, everyone who lives in the projected "drought zone" that will be impacted by those jet streams should also have their rates rise. It could move in 10 years or it could move in 100 years...doesn't matter. All that matters is insurers have a reason to raise rates so they are going to.

It's funny that for a party who claims capitalism is so bad, you are so easily persuaded to become part of the riches that come with using half truths and bad logic.

#2 | Posted by humtake at 2021-09-24 11:59 AM | Reply | Funny: 4

Humtake, a dose of reality for you. Flood insurance rates are set by the government not by private insurance companies who are granted the right to sell such insurance. I live in S. Florida but the place I live in is not considered a "flood plain." Therefore, I don't even need to have flood insurance much to the chagrin of the companies that used to sell it to us.

#3 | Posted by danni at 2021-09-24 02:06 PM | Reply | Newsworthy 1

It's funny that for a party who claims capitalism is so bad, you are so easily persuaded to become part of the riches that come with using half truths and bad logic.

#2 | Posted by humtake

Its funny that the party who said climate change was a hoax for 40 years now wants us to listen to them about anything.

#4 | Posted by SpeakSoftly at 2021-09-24 02:29 PM | Reply | Newsworthy 1

So using the same logic, everyone who lives in the projected "drought zone" that will be impacted by those jet streams should also have their rates rise. It could move in 10 years or it could move in 100 years...doesn't matter. All that matters is insurers have a reason to raise rates so they are going to.

#2 | Posted by humtake

You morons said green tech would cost too much. Now you're whining about the bill from climate change.

Just wait. It's only going to get more expensive. And still none of you droupouts will find climate change prevention. Won't pay to prevent it, complain about having to pay for the costs.

I'm starting to think you're just babies who refuse to deal with the reality that you created.

#5 | Posted by SpeakSoftly at 2021-09-24 02:32 PM | Reply | Newsworthy 1

*fund not find

#6 | Posted by SpeakSoftly at 2021-09-24 02:32 PM | Reply

It's funny that for a party who claims capitalism is so bad, you are so easily persuaded to become part of the riches that come with using half truths and bad logic.
#2 | Posted by humtake

It is 100% clear you don't understand the first thing about Flood Insurance or how insurance companies try to screw the little guys over when it comes to flood insurance. Why don't you look into it and get back to us.

As a party, democrats don't think capitalism is "bad". Free reign capitalism is bad. Stockholder capitalism is bad. How do we know this? History all the way through this very minute. Why do you think there are so many rules, regulations and laws? Saying capitalism is "bad" to me is like saying freedom is bad. It isn't - but you have to have rules. I mean why do you think there are laws about murder, theft, arson, etc? Because people do bad things. Free reign and Stockholder capitalism encourage bad behavior and indeed reward it. Corporations are merely extensions of people who today are very disproportionately lead by sociopaths.

Need proof? Big tobacco and cancer. Monsanto and glyphosate and cancer. Purdue Pharma and oxycontin. 3M and PFAS. I can do this allllll day.

The intent of the National Flood Insurance Program was to set premiums and have rules for insurance purchase that would help mitigate flood damage risk. The NFIP was expected to minimize taxpayers' costs of disaster recovery by substituting insurance payouts for aid. That hasn't been that effective if you ask me. However it was solvent though 2004 off premiums but has not been since then. I believe Congress has canceled 16 billion of it's debt to the government up until now so it could pay out claims and remain solvent. It still owes the government well over 20 billion. IMHO any payment should be full payment for the property and reclaiming of that land by the government. Then people who want live in those areas will have to go to truly private insurers and not resellers of government insurance. You will get capitalistic pricing on the insurance through private parties and most will not be able to afford it. Damned right higher rates are needed.

#7 | Posted by GalaxiePete at 2021-09-24 03:06 PM | Reply

Right now, science is predicting that the jet stream is going to inch north over the years and cause deserts in many places that aren't deserts today. So using the same logic, everyone who lives in the projected "drought zone" that will be impacted by those jet streams should also have their rates rise. It could move in 10 years or it could move in 100 years...doesn't matter. All that matters is insurers have a reason to raise rates so they are going to.
It's funny that for a party who claims capitalism is so bad, you are so easily persuaded to become part of the riches that come with using half truths and bad logic.

#2 | POSTED BY HUMTAKE

Just a sec... who buys "drought insurance"??? Or are you claiming that the new deserts will need (more expensive) flood insurance???

Conservative "logic" is really hard for me to follow.

#8 | Posted by gtbritishskull at 2021-09-24 03:06 PM | Reply

Saying capitalism is "bad" to me is like saying freedom is bad. It isn't - but you have to have rules.

#7 | POSTED BY GALAXIEPETE

Conservatives also don't think that there should be rules that restrict their "freedom", only the freedom of other people. So I don't think your comparison is going to do any good in convincing him of your point.

Conservatives treat capitalism like a religion. Capitalism is perfect, like a gift from God. They have complete faith in it, regardless of what facts or science may say. If you try to regulate capitalism then you are committing a blasphemy, your faith is not strong enough and you deserve to be drawn and quartered in their ideological crusade. They cannot understand that liberals see capitalism as just another tool, with strengths and weaknesses just like everything else. So that we need regulation to take advantage of the strengths while alleviating the weaknesses. It is too nuanced for their religiously trained minds. Trying to convince them that there needs to be a balance. They only understand classifying something as either "good" or "bad" so trying to get them to think critically and holistically about it is an exercise in frustration.

#9 | Posted by gtbritishskull at 2021-09-24 03:15 PM | Reply

Don't build in a flood plain.

Only have mobile homes.

#10 | Posted by Tor at 2021-09-24 03:21 PM | Reply

Yes, sea levels are rising in many areas but nowhere near the levels that scientists have claimed they would from the 90s. And considering every other measure out there is also considered a "projection", it just means insurers are raking in the dough for things that aren't proven yet.
#2 | POSTED BY HUMTAKE

Once again you are talking out of your ass. The IPCC's 1990 sea level rise prediction has been very close to the reality of the situation.
I'll know you'll never reply to this, if you even bother to read it but for everyone else who comes along and tends to agree with your premise, here is the evidence that you are wrong, just as you are about pretty much everything.
blogs.egu.eu

#11 | Posted by johnny_hotsauce at 2021-09-24 03:49 PM | Reply

Anyone who lives in Florida (or any other flood prone area) should have flood insurance.
I remember the debacle when the hurricane came through and ripped the roofs off houses.

If you didn't have flood insurance any water damage in the home above a maximum height of flood (I forget what that was at the time) would not be covered and there was much weeping and gnashing of teeth by those who didn't have it trying to make a claim.
Yeah it cost $600 a year and is hardly ever used but when it is boy does it come in handy.

www.allstate.com

#12 | Posted by randomcanyon at 2021-09-24 04:04 PM | Reply

#12 - if you live in a flood prone area and have a mortgage, you are required by the mortgage lender to have flood insurance. Depending on the area, it is much higher than $600/yr.

Standard homeowner's insurance (not flood insurance) generally covers falling water damage, but not damage from rising water.

#13 | Posted by jakester at 2021-09-24 04:27 PM | Reply | Funny: 1 | Newsworthy 1

"who buys "drought insurance"??? "

Farmers do.

"Conservative "logic" is really hard for me to follow."

Good thing you're not a farmer, or involved in managing an agricultural corporation.

#14 | Posted by jakester at 2021-09-24 04:51 PM | Reply

Good thing you aren't, either. People would starve.

#15 | Posted by LegallyYourDead at 2021-09-25 12:42 PM | Reply

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