26 May 2008

flood insurance

Last week NPR's Maryland Morning had a story interviewing Ralph Tyler the Maryland Insurance Commissioner. He was discussing the resent decision by Allstate to no longer offer flood insurance on the Eastern Shore of Maryland.


As an advocate of NOT building within the 100 year flood plain to begin I think this is progress. Amazing that the insurance companies may be the ones to put a stop to over building in our coastal regions giving wetlands a chance to re-establish themselves. Who would have thought! I guess in the end it all comes down to money.

Of course the battle isn't over as there is a federal flood insurance program. Leave it to the Feds.
You can listen to the entire interview at the following site, under Wednesday, May 15, 2008. Flood Insurance: Is it Worth Sinking the Money?: http://www.wypr.org/MD_MORNING.html

1 comment:

Anonymous said...

I totally agree with you. If global changes keep up there won't be much of the eastern shore to insure. MKL