Obama signs $9.7B bill to pay flood insurance claims from Sandy; FEMA money was running low

Article by: Associated Press
Updated: January 6, 2013 - 3:57 PM

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workforit1Jan. 6, 13 3:17 PM

He signed it in Hawaii while he is on vacation. I guess there is nothing going on right now. Time to blay basketball with Jay Z and hang on the beach.

antisuburbsJan. 6, 13 4:03 PM

shouldn't the insurance companies pay the claims? you know, what they are there for?

docenzoJan. 6, 13 4:15 PM

Can someone please explain why FEMA is in the business of insurance claims? They are supposed to provide aid to government jurisdictions that are overwhelmed during national disasters. Government does not pay insurance claims. I'm not trying to be cute; I'm legitimately asking what FEMA has to do with insurance? I don't disagree that FEMA needs an influx of cash right now.

sadsadsadJan. 6, 13 4:19 PM

Let's have this same conversation when another Katrina hits and it will happen.

roymercerJan. 6, 13 5:31 PM

This money is for uninsured coastal residents so that they can rebuild along the hurricane danger zone. I can't think of a wiser government expenditure.

FrankLJan. 6, 13 7:59 PM

A millionaire bailout. While these homes look modest, they easily push the $1MM mark even for homes blocks from the beach. The ones on the ocean typically start at $5MM. So yet lets give the poor souls some government money.