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Sen. Schumer Calls for Flood Insurance Reform

first_img Chuck Schumer FEMA Flood Insurance floods hurricanes National Flood Insurance Program Natural Disasters nfip 2018-05-21 David Wharton  Print This Post May 21, 2018 3,399 Views in Daily Dose, Featured, Government, Journal, Loss Mitigation, News, Servicing Previous: Homeowners and Buyers More in Sync Next: Mortgage and LGBT Leaders Collaborate for Diversity in Miami Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Sen. Schumer Calls for Flood Insurance Reform The Best Markets For Residential Property Investors 2 days ago With the beginning of hurricane season mere weeks away, Senate Minority Leader Chuck Schumer has announced an “all-out push” to convince Congress to extend and reform the nation’s flood insurance program.Schumer shone a spotlight on the issue Monday during a news conference in the Long Island village of Lindenhurst. “Flood insurance is vital to over 150,000 Long Islanders,” Schumer told the crowd, “so, A, we need to renew it and, B, we need to straighten it out so the insurance companies and the federal government doesn’t take advantage of these homeowners.”The National Flood Insurance Program (NFIP), which provides flood coverage for more than 22,000 American communities, was originally set to expire last fall. Although the House of Representatives passed a reform bill entitled the 21st Century Flood Reform Act, reform for the program then stalled in the Senate. Since then, the Senate has okayed a series of extensions for the program. The most recent extension came on March 23, included as part of the $1.3 trillion omnibus spending bill signed by President Trump. That reauthorized the program through July 31, 2018.Following the devastating effects of Hurricanes Harvey, Irma, Jose, and Maria, the NFIP was—and still is—deeply in debt. Congress has already agreed to forgive $16 billion in debt from the program.As reported by Newsday, Sen. Schumer (D-New York) told the Long Island crowd he was working on NFIP reforms alongside Senate Committee on Banking, Housing, and Urban Affairs Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio). Schumer said that the proposed reforms should include items such as updated flood maps and stabilized insurance rates for homeowners. An August 2017 CoreLogic study determined that more than half of the Houston properties at High or Moderate risk of flooding were not in designated flood zones.According to the National Centers for Environmental Information (NCEI), natural disasters caused more than $300 billion in damages during 2017, a year that encompassed several damaging hurricanes, as well as wildfires and mudslides in California. The $309.5 billion total for 2017 set a new record, easily surpassing the previous U.S. annual record cost of $219.2 billion from 2005, which included Hurricanes Dennis, Katrina, Rita, and Wilma. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: David Wharton Share Savecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Tagged with: Chuck Schumer FEMA Flood Insurance floods hurricanes National Flood Insurance Program Natural Disasters nfip The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Sen. Schumer Calls for Flood Insurance Reform The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more


May 31, 2021 0

Commodities tracker

first_img“This year will be the year when demand for healthier eating options will push demand for nuts, dried fruit and seeds to all time high levels,” said RM Curtis’ trading director Mark Setterfield in its new report – Edible Nuts & Dried Fruit, Dec 2006-Jan 2007.He explained: “Although increased demand may also push prices to higher levels, this trend is unlikely to prevent buyers in Western Europe and in the UK from, albeit begrudgingly, paying the increased levels, as their own demand increases.”Walnuts are now a relatively cheap option within the tree nut sector and so any price decline for 2007 seems extremely unlikely, he said. Meanwhile, cashew prices are starting to look attractive against pecans, almonds, hazels, pistachios and macadamias. “It may be a mistake to look at historical demand without considering this emerging rise in interest for natural and healthy eating options,” said Setterfield. The price of hazels should remain firm into 2007, he added.January was typically a quiet time in the sultana calendar, whereas there is an Easter demand for currants. “We would also expect an increase in demand for apricots from within the UK and mainland Europe as they feature more prevalently within food manufacture and snacking mixes,” added Setterfield.RM Curtis is an importer, trader and packer of nuts, dried fruit and other dried products, based in London and Essexlast_img read more


April 21, 2021 0

Erick Thohir establishes morals as ministry’s core value amid 53 legal cases against SOEs

first_imgState-Owned Enterprises Minister Erick Thohir said he wanted akhlak (morals) to become the ministry’s core value amid a rising number of legal cases within some SOEs. The ministry also launched a new logo on Wednesday, citing that the new core value and logo were part of the ministry’s bureaucratic reform.“Akhlak is important to have as a core value because there are currently 53 legal cases against some of our state-owned enterprises and we do not want more cases,” he said in a broadcast keynote speech. “This transformation is not just lip service.” Some of the country’s state-owned enterprises have been in the spotlight for graft cases and lawsuits.Recently, the Corruption Eradication Commission (KPK) detained PT Dirgantara Indonesia’s former president director and former commerce director as suspects in an aircraft manufacturing graft case. Meanwhile, state-owned insurer Jiwasraya has been investigated for allegedly mismanaging Rp 16 trillion in investment.Read also: Seven companies to relocate facilities to Indonesia, invest $850mErick went on to say that the SOE Ministry was also doubling down on efficiency and good corporate governance by slimming down clusters and reshuffling employees.Previously, the minister slashed the number of SOE business clusters to 14 from 27. He also shuffled the PLN board of directors as well as replacing PT KAI’s president director as part of his plan to restructure major state companies.  He said the ministry must ensure it carries out strategic projects such as those in Batang, Central Java. The ministry did not specify the projects in Batang, but there are several ongoing projects such as a hydropower plant and Batang Industrial Park. (eyc)Topics :last_img read more


October 19, 2020 0

Creston edges Kimberley in Kraft Celebration Tour contest

first_imgTSN (The Sports Network) announced Tuesday that Creston has been named the first winning community in this year’s Kraft Celebration Tour.The news came after hundreds of thousands of online votes from passionate Canadians across the country.As part of the Kraft Celebration Tour, Creston will host a special edition of SPORTSCENTRE featuring anchors Darren Dutchyshen and Kate Beirness when they kick start the tour with a live broadcast from the British Columbia community on Friday, Aug. 17 at 3 p.m.PT on TSN. Creston also receives $25,000 from Kraft Canada to put towards improvements to the Creston & District Society for Community Living’s Therapeutic Riding Program.Creston earned the nod after edging out East Kootenay sister city Kimberley in a head-to-head online vote.Creston won by garnering 171,142 votes to 143,390 for Kimberley.Canadians can decide the other winning communities for the Kraft Celebration Tour over the next two weeks. The last Kraft winner in the Kootenays was Kaslo when the North Kootenay village hosted Sportscentre in 2009.Kaslo beat out Williams Lake with 52 per cent of the vote.last_img read more


August 3, 2020 0

Three HDNL wrestlers take titles at Redwood Empire tourney

first_imgDel Norte high school wrestling hosted Fortuna and St. Bernard’s in Humboldt-Del Norte league action on Tuesday night and the match between Del Norte and Fortuna was a classic. Del Norte prevailed over the Huskies, 36-35, and beat St. Bernard’s 72-6. Del Norte’s Ta-Tes Boulby won one of the key matchups of the night by defeating Jace Garcia of Fortuna at 124 pounds. Elsewhere, wrestlers from Humboldt-Del Norte League teams traveled to Ukiah this past weekend for the Redwood Empire Wrestling …last_img read more


December 21, 2019 0

Sasol Wax to double local production

first_img“We are pre-ordering equipment such as the synthesis reactor that has very long delivery times,” he said, adding that this would ensure the fastest possible implementation of the first phase of the project. The project will also result in increased production of medium waxes, mostly used for the candle industry in southern Africa, as well as liquid paraffins used in a variety of industrial applications. Construction of the first phase is expected to be completed in 2011, with the second phase expected to be in full operation in 2013. Would you like to use this article in your publication or on your website? See: Using SAinfo material According to the statement, Sasol Wax is the world’s leading producer and marketer of synthetic and petroleum-derived waxes, with production facilities in South Africa, North America, and Europe. “This investment will be in line with Sasol’s strategy to leverage our advanced proprietary technology,” said Sasol chemical cluster GM Reiner Groh. Advanced technology “Once fully approved, the project will be implemented in phases in line with the projected growth in key markets for hard wax,” Sasol Wax MD Johan du Preez said in a statement this week.center_img The synthetic waxes, which are manufactured via Sasol’s advanced proprietary technology in South Africa, are used in a wide variety of specialised applications, including hot-melt adhesives, polymers, inks and high performance bitumen modifiers. The funds will go toward completing basic engineering for the operation, as well as for ordering long-lead items for the first phase of the two-phase expansion project. “It also fits with our longer term plans to significantly grow the chemicals businesses of the Sasol group.” 16 September 2008 SAinfo reporter South African petrochemical company Sasol has approved R558-million for Sasol Wax to double production of hard wax at its facility in Sasolburg, south of Johannesburg.last_img read more


December 19, 2019 0

Person-to-person engagement critical in addressing ag misconceptions

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Shiloh Perry, media relations specialist for the American Farm Bureau FederationThe average American is at least three generations removed from the farm. As more and more people move away from farm and ranch work, the gap between farmers and consumers expands and the need for a general understanding of agriculture becomes even more pressing.It is time for those of us with a connection to agriculture to refine our efforts to bridge this information gap. If you are like me, you know this effort is extremely important but are unsure where to begin. You are also passionate about agriculture and care about how it is perceived by the public, but feel that sharing the story of America’s farmers and ranchers can sometimes be daunting.Reconnecting consumers with the origins of their food is no small task. It is a huge undertaking that takes time and involves many different methods, steps and complexities. In my career, I have learned that to explain farmers’ priorities, the techniques of modern agriculture or why farmers do what they do, it’s most effective to start small. Below are three ways to do just that.Invest in others. This seems like common sense, but it makes all the difference, especially when everyone is always on the go and thinking about completing the next item on a never-ending to-do list. It is important for us to take the time for and actively participate in conversations about food and agriculture with other consumers.Be open to opposing and new viewpoints. Being too quick to judge is never helpful. We need to take off our judgmental hats and listen in order to understand others’ perspectives. Try to find out as much as you can about the person and the reasoning behind his or her stated beliefs about agriculture.Always be ready to share. Conversations about agriculture and food can happen anywhere. For me, the richest opportunities for agriculture advocacy always happen at the most surprising times, which means it’s important to be prepared. Keep a couple of personal examples backed by facts and specific statistics in your back pocket.Simple conversations are an effective way to share agriculture’s story. Investing a small amount of time, striving for productive interactions and providing solid examples can go a long way. This column by State Sen. Sine Kerr (R-Ariz.), an Arizona Farm Bureau leader and partner in Kerr Family Dairy, adapted from an article published in Arizona Agriculture, provides a great example of this. Kerr writes:It only took one unpleasant experience speaking with individuals at a casual dinner party to realize I needed to make a change in the way I approached socially and emotionally charged topics related to agriculture.Initially, the conversation was amicable, with thoughts and ideas freely exchanged. But, when I mentioned that conventional and organic milk have the same nutritional value, oh my, did that set one of the guests off on a tirade against conventional farmers. I felt I needed to match her level of hysteria — and I easily obliged!Nothing positive was accomplished through that exchange and it left me feeling upset and angry with myself for not maintaining my composure. I missed a fantastic opportunity to at least give some thoughtful, calm insight about how every type of farmer cares for their animals and monitors the quality of milk they produce.I decided to get help and get help fast! I needed to only look as far as my Farm Bureau.I began to participate in training events that offered resources and genuine hands-on experience in how to relate to people’s concerns regarding how their food is produced. I learned why I needed to keep my emotions in check, how to listen first, ask a few key questions, then calmly and factually share how we care for our cows and crops on our farm.It took some practice, but over time it became easier to control my emotions. I could tell that people really were listening even when they didn’t completely agree. I no longer dread an encounter or embarrass myself.When passion for your livelihood meets leadership training and preparation, there is no limit to what opportunities are available.With so few of us producing our nation’s food and fiber, it is critical that when we have opportunities to engage with our non-farming friends, we do so in a manner that has the best chance of transforming their view of modern agriculture.last_img read more


December 17, 2019 0

Take Care of Each Other and Don’t Be Divided | Season 2 – Episode 24

first_imgSome thoughts on the two police officers being shot in Wsterville, Ohio and the school shooting in Parkland, Florida.last_img


December 9, 2019 0

Kevin Durant arrives in India as NBA tries to grow game

first_imgView comments Durant’s first trip to India is the latest move by the league to grow the game there, much as it is doing in China.The academy opened in May to train some of the country’s top talents. Since 2008, the NBA has staged more than 1,500 events in 30 Indian cities.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars LATEST STORIES Trump strips away truth with hunky topless photo tweet Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress DILG, PNP back suspension of classes during SEA Games MOST READ Sports Related Videospowered by AdSparcRead Next FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ Lacson: SEA Games fund put in foundation like ‘Napoles case’ Don’t miss out on the latest news and information. Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Jones-Cormier rematch headlines outstanding UFC 214 card Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games 2017 NBA Most Valuable Player, Kevin Durant of the Golden State Warriors gestures during his tour of NBA Academy in Greater Noida near New Delhi, India, Friday, July 28, 2017. Durant is in India to support the continued growth of basketball in the country and meet the elite prospects of NBA Academy India. (AP Photo/Altaf Qadri)NEW DELHI — Kevin Durant is in India to help the NBA make inroads in a nation of 1.3 billion.Durant took part in a camp in New Delhi, where the Golden State Warriors star helped set a Guinness world record Friday for the largest basketball lesson — 3,459 participants across multiple venues. The NBA Finals MVP met young players at the NBA Academy, with hundreds more joining by satellite from four other cities across the country.ADVERTISEMENTlast_img read more


November 28, 2019 0

Rule requiring skirts in badminton suspended

first_imgThe Badminton World Federation has indefinitely suspended a controversial regulation that would have required women to wear skirts or dresses in competitive matches, a move that many female athletes considered sexist.Japan’s Reika Kakiiwa (left) and partner Mizuki Fujii wear skirts during play at the All England Badminton Championships in Birmingham in March. APThe BWF said in a statement posted on its website Monday that it accepted a recommendation from the Women In Badminton Committee to further study the general clothing regulations. The mandatory ruling was initially set to be implemented on May 1, but had been deferred until June 1 after criticism of the plan.The Women In Badminton Committee, headed by former world champion Nora Perry of England, said the recommendation was also based on feedback from the sport’s Athletes Commission.Some players had accused the game’s administrators of sexism, but badminton officials said they were trying to improve the profile of the women’s game and help attract more sponsorship. In the past, women had been allowed to wear either skirts or shorts, with players opinions’ differing on which were more comfortable.”There (has) been various feedback from many quarters and after taking into account all these comments, especially those from the Athletes Commission, it is our recommendation to council to do further study before implementing new clothing regulations,” Perry said in a statement after the group met at Qingdao during the Sudirman Cup competition.”It is still our intention to focus on a better presentation of the game, but we will like to broaden the scope to include both men and women, and the feedback will also include views from various stakeholders such as the clothing manufacturers.”advertisementThe BWF statement said the clothing regulation was one of the steps being taken to raise the profile of women in badminton.The statement said other initiatives already in place are offering equal prize money for men and women, standardized 21-point rally system for men and women and equal male and female participation across the events offered in singles, doubles and mixed doubles.last_img read more


November 28, 2019 0