Main Street Industry News - March 2018

Page 25

TOP STORIES independent agents play in providing expert advice to consumers,” Gentile said. Seth Chandler is an insurance law expert at the UH Law Center. He — like Gentile and the PIA — is tired that people “in non-flood areas are continuing to subsidize people in flood areas. The way to make it [the NFIP] sustainable is to both increase the premiums, particularly in the more flood-prone areas and also to use science to draw maps that more accurately reflect risk.” The need for flood insurance reform has never been greater. Whether you believe it is climate change or not, the weather lately is weird and it’s driving changes that are increasing the danger of flooding. A recent New York Times report brings how frightening that is home to roost. There are 21,600 facilities in the U.S. that store large quantities of toxic materials. The Federal Emergency Management Agency (FEMA) — that runs the NFIP — says over 1,400 are in areas that are now considered to be at high flood risk.

short-term measures and provide a long-term reauthorization of this program,” he said. Gentile — and the PIA and other insurance and environmental groups — want major reforms in the NFIP and those reforms keep getting put off. “The NFIP is a program that requires certainty. It is also in great need of reforms. PIA will continue our advocacy for a long-term reauthorization of the program that recognizes the essential role

The reason all this happened is because of how important being close to water is to some industrial operations. A good example is the 34,400 pounds of ultra toxic sodium peroxide and 300 pounds of benzene that leaked out of a Chevron Phillips chemical plant in Baytown, Texas during Hurricane Harvey.

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HOW MANY TOXIC AREAS IN FLOOD PRONE AREAS DOES NEBRASKA AND IOWA HAVE? NEBRASKA – 21 SITES IOWA — 16 SITES

Source: Houston Public Media, Insurance Journal, Business Insurance America, New York Times

March 2018 | Main Street Industry News | www.pianeia.com | 25


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