Our Action Plan re Senate Bill That Could Force Many Low-Risk LB & Southeast L.A. County Homeowners To Pay For Costly Annual Fed'l "Flood Insurance"
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"It's not about flooding. It's about funding." (Long Beach realtor Joe Sopo at 1996 Long Beach community meeting re Congressionally-imposed flood insurance.)
(June 24, 2012, 2:45 p.m.) -- On Monday June 25, the U.S. Senate is poised to discuss a bill which includes verbiage -- removed from the House version that the City of Long Beach wants removed from the Senate version -- that would impose mandatory "flood insurance" on tens of thousands of homeowners and commercial property owners in much of LB and southeast L.A. County, claiming they are at "residual risk" of a "500 year" (0.002 annual chance) flood from federally certified levees to prevent a 100 year-flood. The real reason for this section of the bill is to bail out the Congressionally-created "National Flood Insurance Program" (administered by FEMA) which is financially unable to cover major flood claims. If you want to take action, we urge you to send an email (suggested text below) to Senators Boxer and Feinstein (links below) so their offices will receive it by Monday morning east coast time. We suggest the following cut-and-paste text but feel free to compose your own: Senator: My family is among many in Long Beach and southeast L.A. County who will be harmed by section 107 of S. 1940 that the Senate is scheduled to discuss on Monday. One section of that bill would LBReport.com will have continuing updates on this throughout the day and evening Sunday and into Monday morning. We'll also be carrying Monday's U.S. Senate proceedings (starting at 11 a.m. Pacific Time) LIVE on our front page -- www.LBReport.com. With LBReport.com, you don't miss a thing.
Contact us: mail@LBReport.com |
Presented by Signal Hill Petroleum (8:00-10:00 p.m.) Hardwood Floor Specialists Call (562) 422-2800 or (714) 836-7050 |
Contact us: mail@LBReport.com