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Professional_Win_332 t1_j5ofvwl wrote

Reply to comment by Elfich47 in Long Wharf Submerged 1/23/23 by TuggieBoi420

Simple, they adjust the flood maps so more people have to get flood insurance, and those who have it have to pay more. They don’t adjust them because they think there will be more flooding, they are adjusted to make more money.

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Achenest t1_j5ohqq6 wrote

Do you think FEMA is an insurance angency?

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Professional_Win_332 t1_j5ojqay wrote

Too bad you don’t understand how people exploit and make money while working in the government.

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Elfich47 t1_j5oiz1q wrote

FEMA doesn’t make money like that. They are a government agency and their funding is set by congress. And no, they don’t get kickback from insurance companies either. If that was tried people would go to prison.

And it is just amazing how the areas that FEMA warns “this is a flood risk” are the areas that end up getting flooded. I’m sure it’s just a coincidence.

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Professional_Win_332 t1_j5ojker wrote

It’s cute that you think that people in government and politicians don’t get kick backs. All you have to do is see how much money all these people make while they are in office. They get it in a lot of ways, for doing favors for big business. One hand hand greases the other. And there are so many places on the FEMA flood maps that have never flooded in history. They are taken peoples unreasonable fears of climate change and exploiting them for tons of money. If you honestly don’t believe that, then you need to pay attention more.

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Elfich47 t1_j5ok4hp wrote

Ok, you’re in the “government bad” camp that just assumes government is someone else’s puppet.

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Professional_Win_332 t1_j5okcra wrote

That is a simple thing for you to say. I have to buy flood insurance. Through private company, it costs $3300 a year. Through FEMA, it’s over $8000. Any explanation you would like to share why there is such a difference?

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Elfich47 t1_j5olgse wrote

Because I would bet FEMA is the insurer of last resort and they have to take a much wider band of applicants - and they have to balance their books according to federal regulations. So FEMA ends up with a lot of people who can;t get flood insurance anywhere else because the regular insurers have pulled out of the market.

I expect if you read through their financials you would see exactly how much they took in in premiums and how much they paid out. All,of that is publicly record and available for review if you want to review it.

Florida has this problem right now where the state insurer of last resort is caught having to many applicants and having to cover much more than it had ever anticipated. And this is because the normal insurance companies are either pulling off the coast of Florida or out of the state entirely.

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