EDITORIAL: Too many of us are flirting with disaster - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 18, 2017 Newswires
Share
Share
Post
Email

EDITORIAL: Too many of us are flirting with disaster

Courier, The (Houma, LA)

Sept. 18--People across south Louisiana have been paying attention to the ongoing effort in Washington, D.C., to reform and strengthen the National Flood Insurance Program.

A recent extension makes the insurance program -- a requirement of many loans -- viable through the end of the year while members of Congress try to hammer out a deal that, many of us hope, will lead to longer-term improvements.

Unfortunately, even as this debate unfolds, troubling word has hit.

Recent numbers show that participation in the NFIP has actually decreased in our local area.

In Terrebonne, it has gone down by 17 percent. And in Lafourche, the decrease is 10 percent.

Following last year's devastating floods and this year's costly hurricanes, we might expect to see more people seeking flood insurance to protect their largest investments.

"If you live in south Louisiana, you need flood insurance," Terrebonne Emergency Preparedness Director Earl Eues said. "In August of last year, we had 33 inches of rain fall in Denham Springs. That could have easily been over Terrebonne Parish. If we would have had 33 inches of rain here, we would have had substantial flooding, even in areas that aren't required to have flood insurance."

Unfortunately, the opposite is true.

Perhaps, with hurricanes Harvey and Irma making such terrifying hits in the U.S., more local people will decide to take what for us should be a common sense step.

Buying flood insurance is easy and, thanks to the heavy federal subsidies, it is extremely affordable.

As Congress ponders the future of the program, there could be changes that drive the price up. But any approach that makes it more difficult for people to carry it will exacerbate the problems caused by so few people and businesses carrying it now.

Because so few people take advantage of the program, it has far less revenue pouring into it than it should. Under any long-term fix of the program, there should be a way to get more people and businesses signed up for it to help increase that revenue.

But the recent drop in the local numbers -- a trend that stretched across 43 of the nation's 50 states -- suggests that more must be done to educate people about the advantages of participating and the low cost of doing so.

As far too many people learn every time a storm hits, flood insurance can be the difference between financial ruin and being able to rebuild.

That is a message that more of our friends and neighbors need to hear.

Editorials represent the opinion of the newspaper, not of any individual.

___

(c)2017 The Houma Courier, La.

Visit The Houma Courier, La. at www.houmatoday.com

Distributed by Tribune Content Agency, LLC.

Older

Based on preliminary rates, federal approval of Minnesota’s reinsurance program would help bring down premiums for several individual market health insurance plans in the state. Without federal approval, rates for many individual market plans could increase substantially.

Newer

Jim Hitt Explains Why Independent Contractors Should Consider Solo 401(k) Plans

Advisor News

  • Advisors must lead the policy risk conversation
  • Gen X more anxious than baby boomers about retirement
  • Taxing trend: How the OBBBA is breaking the standard deduction reliance
  • 6 in 10 Americans struggle with financial decisions
  • New Trump administration rule seeks to bail out private equity, credit with workers’ 401(k) savings
More Advisor News

Annuity News

  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
More Annuity News

Health/Employee Benefits News

  • Judge gives UnitedHealth until April 29 to hand over AI claim denial docs
  • OPINION: Patients are often left ‘out of network’ as hospitals, insurers clash over cost
  • Caregiver crisis impacting LTC services
  • ASSEMBLY PASSES LEGISLATION TO EXPAND ACCESS TO ACUPUNCTURE SERVICES IN NEW YORK
  • Lamont, Democrats divided on Connecticut Option health plan as clock ticks on legislative session
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries
  • AM Best Affirms Credit Ratings of CMB Wing Lung Insurance Company Limited
  • AM Best Upgrades Issuer Credit Ratings of Federated Mutual Group’s Members; Affirms Credit Ratings of Affiliates
  • AM Best Affirms Credit Ratings of MetLife, Inc. and Its Life/Health Subsidiaries
  • Guardian Completes Integration With FINEOS to Expand Digital Capabilities and Deliver a Simplified Leave Experience
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet