I got a letter from FEMA telling us how much flood insurance

[rzemanfl]

policies paid for losses to our home in 1985, 1993 and 1996-before we owned it. We bought it in 1997 and were never told about the 1996 or 1985 flood incidents-just the "No Name Storm" in 1993. I recently was forced to go back to Citizen's after the company they sold my policy to a couple of years ago dropped us. Has anyone else gotten a letter like this? Is it supposed to make me feel better about the outrageous premiums we are being charged now?

[DRoseDARs]

1. Interesting coincidence: Was reading this article through Mother Jones.com:

http://www.washingtonpost.com/wp-dyn/content/article/2006/12/01/AR2006120101759.html

Not sure which part to post, so I'll give the very last section:

-snip-

To Move or Not to Move

What does this mean for the future of beautiful areas around Washington near big bad bodies of water, from Duck to Rehoboth and from Alexandria to Annapolis?

"If you have a ton of money and don't mind paying three times the insurance as two years ago, you're probably happy," Nakada says. "There'll be all sorts of property available on the coast in warm weather places if the market gets more efficient."

But what about for the rest of us?

"In terms of affecting where people live and do business, three things have to happen: The risk has to go up a lot. And it just did. Number two, the market needs to allow that cost to be passed on to customers, or not. In which case, number three, either the price goes up, or the availability goes down in insurance.

"At that point you would think hard about whether you want to move."

Batten down the hatches.

[bullimiami]

2. insurance obviously has been allowed to rape the population

the republicans controlling florida have allowed it. the republicans controlling the country have allowed it.

the insurance industry needs stringent regulation. maybe we will start to see some controls but they will have to be federal, i have scant hope for florida with out current government.