National Flood Insurance Act of 1967: Hearings Before the Subcommittee on Securities of the Committee on Banking and Currency, United States Senate, Ninetieth Congress, First Session on S. 1985, S. 1290 and S. 1797 ... June 26, 27, and 28, 1967, Volumes 22-23 |
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actuarial administrative agencies American Insurance American Insurance Association amount areas Association of Insurance BAILEY basis bill Chairman CHARGEABLE PREMIUM chart committee Congress cooperation County coverage damage given Department of Housing Disaster Relief Act dwelling existing property Federal Government Flash flooding flood damage flood frequency flood hazard flood insurance program flood losses flood plain flood risk zones frequency of floods funds GARLOCK Geological Survey Hartford Insurance Group homeowner homes Housing and Urban Hurricane Betsy Insurance Commissioners insurance industry Jersey KAPLAN legislation LEMMON magnitude and frequency ment million Mutual Insurance National Association natural disasters northeastern Illinois 1966 Ocean City participation pool premium rates private insurance problem property insurance proposed quadrangle Red Cross reinsurance represents SCHECHTER Secretary Senator BROOKE Senator WILLIAMS statement subcommittee surance Survey open-file rept Survey Water-Supply Paper Thank tion U.S. Geol U.S. Government U.S. Representative U.S. SENATE Urban Development WOOD
Popular passages
Page 26 - To continue and carry on a system of national and international relief in time of peace and apply the same in mitigating the sufferings caused by pestilence, famine, fire, floods, and other great national calamities, and to devise and carry on measures for preventing the same.
Page 47 - ... (c) water below the surface of the ground including that which exerts pressure on or flows, seeps or leaks through sidewalks, driveways, foundations, walls, basement or other floors, or through doors, windows or any other openings in such sidewalks, driveways, foundations, walls or floors...
Page 29 - In providing such assistance hereunder, Federal agencies shall cooperate to the fullest extent possible with each other and with States and local governments, relief agencies, and the American National Red Cross, but nothing contained in this Act shall be construed to limit or in any way affect the responsibilities of the American National Red Cross under the Act approved January 5, 1905 (33 Stat. 599), as amended.
Page 29 - Administration have made extensive disaster loans to many of these families suffering flood losses but it is recognized that not all disaster victims are eligible for or can afford to carry such loans, even with the special foregiveness factor voted by Congress for victims of Hurricane Betsy in 1965.
Page 29 - Insurers, and The National Association of Insurance Agents will all unite on this issue in violent protest. A plan which saves the consumer billions of dollars will take away from the private insurance industry...
Page 27 - Shelters are provided for those whose homes are untenable; food and clothing, medical and nursing care are provided as required. While assistance in the first few hours or days following a disaster is often the most dramatic and is always recognizable, the major Red Cross job following a disaster may include food, clothing, rent, etc.
Page 47 - FLOOD, SURFACE WATER, WAVES, TIDAL WATER OR TIDAL WAVE, OVERFLOW OF STREAMS OR OTHER BODIES OF WATER, OR SPRAY FROM ANY OF THE FOREGOING, ALL WHETHER DRIVEN BY WIND OR NOT...
Page 15 - SEC. 1307. (a) The Secretary is authorized to undertake and carry out such studies and investigations and receive or exchange such information as may be necessary to estimate, and shall from time to time estimate, on an area, subdivision, or other appropriate basis — (1) the risk premium rates for flood insurance which — (A) based on consideration of the risk involved and accepted actuarial principles...
Page 61 - I appear here before you as chairman of the Committee on Federal Flood Insurance of the National Association of Home Builders. I have with me our legislative counsel, whom you well know, Mr.
Page 51 - Section 104 and such other information as may be necessary, the Secretary from time to time shall, after consultation with the Advisory Committee authorized under Section 115 and appropriate representatives of the insurance authorities of the respective States, by regulation prescribe— Senator WILLIAMS.