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
U.S. Government Printing Office, 1967 - Flood insurance - 273 pages
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actuarial additional administrative agencies agents American amount areas assistance Association assume authorized basis believe bill caused Chairman chart City Commissioners committee Congress cooperation cost County cover coverage damage Department determination Development disaster discussions dwelling establish estimate existing expenses extent Federal Government flood insurance flood insurance program flood losses frequency funds GARLOCK Geological Survey given going Group hazard homes Housing Hurricane Illinois industry Insurance Company insurance industry interest KAPLAN kind legislation limit losses measures ment million Mutual National Association natural operation participation payments period pool possible premium prepared present problem profit proposed protection question rates reasonable record reinsurance relief represents risk River Secretary Senator BROOKE Senator WILLIAMS share statement Survey Thank THOMAS tion U.S. Geol United Urban Development Wood zones
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.