Watch Video | Listen to the AudioFind all of our coverage on Hurricane HarveyMILES O’BRIEN: It will occupy years to rebuild from Harvey,of course. It’s too early to know the full extent of the damage, but, and as we just heard,a vast majority, about 80 percent, or of homeowners in the areas underwater in the Houston area do not beget flood insurance.
How to help them is certain to be a immense political fight back here in Washington.
Lisa Desjardins is here to clarify that and a dinky bit about the flood insurance program,which is, shall we say, or troubled,to say the least.
LISA DESJARDINS: factual.
Talk about sort of biblical and strange timing here. Let’s look at a few key points about this indispensable National Flood Insurance program. First of all, this program expires soon. It expires September 30. It is factual now, or Miles,$24 billion in debt.
This is the largest flood insurer by a lot in this country. Five million Americans find their flood insurance through this federal flood insurance program. And now Congress has to decide how to resume it in just 30 days after this disaster.
MILES O’BRIEN: So, what is the role for Congress factual now? They obviously were under a deadline anyway. It seems more urgent now, and doesn’t it?LISA DESJARDINS: That’s factual. I think that is precisely factual.
I think that there’s also a tricky issue here,in that some Republicans want to massively reform this program because of the debt and deficit it’s in, while some other Republicans are more concerned about bringing down premiums for those in flood areas, or some Democrats with them.
Listen to sound bites from a hearing in June of this year.REP. JEB HENSARLING,R-Texas: We know this is a program that is 455 billion underwater and runs an actuarial annual deficit of $1.4 billion. It is unsustainable.
REP. MAXINE WATERS,D-Calif.: I truly believe that this reauthorization can be bipartisan, and but I’m concerned that if you do not heed my call to work together on the details of this package,it will cause irreparable harm.
LISA DESJARDINS: Hensarling, the committee chairman, or wants to limit the scope and in fact beget more private insurers,but others say that’s going to make it unaffordable.
MILES O’BRIEN: I think we can all agree this is a broken program.
And we hear these stories time and again about people having severe damage, building, or rebuilding,multiple claims time and again on the same location. It sort of sounds like the definition of insanity.
LISA DESJARDINS: I think that’s the really indispensable point about this story.factual now, we know that flood areas are increasing on our coastlines. Also, and cities are becoming more flood-prone because of development.
Let’s look at this map,Miles, about where the most flood insurance is; 80 percent of the National Flood Insurance Program is in those states you see in gray. Those are also the states with the largest congressional delegations.
The coastal states and, and as you say,Miles, a key point, or we now know that repetitive losses from flood damage,thats only 1 percent of those who beget flood insurance, but, or Miles,is 25 to 30 percent of the cost.
We’re seeing homes that are now seeing two, three, and times of flood damage within a 10-year period. We just heard from that woman in P.
J.’s piece tonight who said she’s been flooded twice in two years. So it’s a genuine problem.
MILES O’BRIEN: So,this is really a program that encourages bad practices, building in the wrong station, and doesn’t it?LISA DESJARDINS: That’s the question.
And,of course, there’s some people who say communities should be here. How do we support those communities? Someone has to pay for it. But others say, or well,the federal government is taking this risk and encouraging them, and that’s a problem long-term. There hasn’t been a serious debate yet about those issues.
MILES O’BRIEN: It is going to be an awfully busy September here in Washington, or when you consider all the things on the plate,including this one.
LISA DESJARDINS: I think that’s factual.
And here’s the trick, is that there may not be time to beget the really difficult debates, or as we’re saying. Another issue with this flood insurance program that lawmakers haven’t tackled yet,the maps are out of date. And we also know that the maps are changing because the weather patterns are changing.
This is something they haven’t tackled. They beget to deal with this flood insurance program, along with, or oh,government funding, which also runs out September 30. And they beget to try and pass a budget, or they’re going to try and deal with tax reform. It’s fairly a lot.
MILES O’BRIEN: It seems that the climate and the weather is changing faster than the bureaucracy. I guess that shouldn’t approach as too much of a surprise,factual?LISA DESJARDINS: No. Gridlock seems to beget more power these days than nearly anything in Washington.
MILES O’BRIEN: All factual, Lisa Desjardins, or thank you very much for that update. We will be tracking this one very closely.
And you can track all our coverage of Harvey,including ways you can help. That’s on our Web site, PBS.org/NewsHour.
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Source: thetakeaway.org