Wilkes-Barre, Other Pennsylvania River Towns Hit Hard By Flood Insurance Rates

HARRISBURG, PA — Jeff King had put his house in Wilkes-Barre up for sale for $90,000 last year, put off by the city’s struggles with crime and the desire for a better school district for his four children, when he got a surprise: The prospective buyer discovered that her annual flood insurance premium would be $7,015, higher than 12 months of mortgage payments.

Even though President Barack Obama signed a law Friday to ease the sharpest premium increases for policyholders receiving subsidies from the National Flood Insurance Program, King is resigned to never selling the house, which is about a mile-and-a-half from the Susquehanna River. The writing, he said, is on the wall.

“Any educated buyer is going to stay clear from a home in the flood area,” King said.

Across Pennsylvania, with an estimated 86,000 miles of creeks, streams and rivers, the premium increases could deliver a gut punch to the state’s legion of old river cities and towns still struggling to recover from the loss of their industrial core.

Read more: http://citizensvoice.com/news/w-b-other-river-towns-hit-hard-by-rates-1.1655882

Irene Leaves More Than Two Dozen People Dead In U.S.

Irene claimed 27 lives in eight states according to CBS.

New York’s Metropolitan Transit Authority has begun rebooting their massive system which was entirely shut down for the first time in its history due to weather.

13,000 flights were cancelled, nearly 5 million homes and business lost power at some point during the storm and damage is estimated at $7 billion dollars.

Already people are pointing fingers and crying overreaction.  I say better to overreact and save lives.  Things could have been much worse and we should be thankful for that.