Trump Talk:LIVE WITH JEFF CROUERE


After watching the video, click here
Wednesday, 11 January 2017 12:43
GNO Inc's Hecht talks about flood insurance costs "temporary fix" expiring this year
Written by 
Rate this item
(0 votes)

GNO FEMA LandrieuImagine paying twenty to twenty-five-thousand dollars for flood insurance for a $250,000 property.  Difficult to sell the property or to buy the new home or commercial building?

 

 

That is what many flood victims and other property owners were facing earlier this decade until Michael Hecht of GNO Inc received an email regarding the unexpected consequences of legislation called Biggert-Waters.

Many properties particularly in south Louisiana where Katrina and other storms hit were basically becoming unsustainable and unaffordable because of the exceedingly high cost of flood insurance.

In 2014, Hecht and GNO Inc. led a coalition that included Mary Landrieu and David Vitter and on the House side, by Steve Scalise.  Also, then US Senate candidate, Rep. Bill Cassidy, and lawmakers throughout South Louisiana, played major roles in helping to create and lobby for a temporary solution to the problem.

However, the Congressional and administration solution expires later this year and Louisiana and now, many other regions across the country are once again confronted with the same horrible insurance mess with their respective real estate properties.

During my recent interview with Michael Hecht,  the issue came up, once again.  Hecht said it is necessary to reauthorize and to improve upon the flood insurance fix from 2014.

GNO Inc's Hecht talks about flood insurance costs "temporary fix" expiring this year from BayouBuzz on Vimeo.

During the interview, Hecht explained how the Coalition of Sustainable Flood Insurance came about, some possible solutions to improve upon the risk involved, the impact of the loss of two senior Louisiana US Senators and the changing of the guard at the White House.

Watch this segment of the interview 

Last modified on Wednesday, 11 January 2017 13:51
Login to post comments
Powered By JFBConnect
  • Comey's Russia testimony was bad omen for Trump
  • Contenders to succeed N. Louisiana Congressman Mike Johnson, at starting gate
  • JBE spending governance leads to Louisiana's lower credit ratings
  • Will distorting RussiaGate backfire on Trump and Company?

watergateEven the Russians are talking about the impeachment of Donald Trump. The L.A. Times reported on Monday, March 20, 2017, “Sergei Markov, a Moscow-based political analyst and a former lawmaker with the ruling United Russia party, claimed the hearings into Russian meddling in the 2016 election are ‘related to an attempt to impeach Trump.’”

Read More

mike johnson2by Lou Gehrig Burnett, Publisher of Fax-Net
Saturday is election day
    The race for the District 8 seat in the Louisiana House of Representatives highlights election day this Saturday, March 25.
    It is a special election called to fill the seat of Rep. Mike Johnson, who was elected to Congress.  The winner will serve out the remainder of his term.

Read More

It shouldn’t be a surprise that Louisiana has endured adverse credit rating changes since edwards midDemocrat Gov. John Bel Edwards assumed office, completing a downgrade trifecta last week.

Read More

backgunThe post-mortem on the Donald Trump-Comey-House Intelligence Hearing Monday continues.

On the extreme right, from the jowls of someone who knows a thing or two about investigations against a President, Pat Buchannan, there is still “nothing there, there”.

 

Read More

BB Menu

latter-blum2

TRUMP TALK

Trump Talk: Ryancare, Russia, Investigations, Travel ban--with Jeff Crouere

Dead Pelican

Optimized-DeadPelican2 1 1