In the mid-60s, I was an officer of a large savings and loan association. While branches in other parts of the State of Texas, the home office was in Galveston, where I lived and worked. In 1968, the US Government established the National Flood Insurance Program. Maps of the entire terrain of the United States were put together by the US Corps of Engineers, delineating all parts that met could possibly flood within the next 100-years. All federal insured banks, savings and loan, credit unions, and other lending institutions were then required to make flood insurance mandatory for real estate loans that they made on property within (0 comments)
fema: PRAYERS NEEDED BADLY
- 10/14/08 01:26 AM
The news of the destruction and attempts for recovery after Hurricane Ike struck the Gulf Coast has dwindled to a snail's pace. Galveston is a fun place, but after all it doesn't have anywhere near the notoriety of New Orleans. That reality doesn't help. You see, the destruction is of the same intensity and magnitude. People's homes are no longer standing; others have been told theirs can't be repaired, but their insurance won't pay for the total loss that FEMA has arbitrarily put on them. What to do? How does this happen in America? they ask. Thousands are homeless and substitute (11 comments)
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