It's been a few weeks since I had a chance to write a post. Mostly it's because we have been renovating my office. We have had two or three work crews at a time here daily. Now it's getting down to the trim and painting, so it's just a little slower. You can see pictures of how it's coming out at my other blog, www.aroundbabylon.com.
Anyway, my being busy has not stopped things from happening in the Long Island homeowners insurance and flood insurance market. Since I last wrote, several more companies, some of them fairly large players, have either announced that they will no longer be writing homeowners insurance either here on Long Island or, in some cases, in New York State.
Part of the problem is that here on Long Island is where the largest concentration of high valued homes exists. So many companies tried to write lots of business here to increase their cash flow, but are now in panic mode because after seeing what happened with hurricane Katrina, they now realize that they have a big exposure here that is not offset by customers in other areas that are not subject to 'coastal' issues.
For instance, it's not that people in upstate New York never have claims. And they DO have 'catastrophic' claims using the insurance meaning, which refers to something that affects a lot of people all at once, as opposed to a fire at someone's house, which might melt some siding on the house next to it, but generally does not affect a whole area.
In some upstate counties, for instance, they can have major ice storms that damage a lot of houses. But it's still not nearly the same as here on Long Island, because the houses tend to be much further apart (less concentrated) in most upstate areas, and the values are lower. As we all know, a house that sells for $450,000 here can still be had for $200,000 in most other parts of the country, maybe even less in some.
Interestingly, some of these areas that you would not expect have flood issues as well. Newsday a couple of weeks ago had an article about a number of people who live in Pennsylvania, along the Delaware river, just 'downstream' from the reservoir system that provides water to New York City. It seems that because of droughts that have occurred in the past few years, the water people now try to keep the reservoirs at 100% of capacity. But the flip side of that is when it rains a lot, BILLIONS of gallons of water overflow the reservoirs and have been creating flooding problems along the Delaware river!
There are a lot of post-Katrina changes coming to the Federal Flood Insurance program through FEMA, and some of them won't be pleasant for those living in primary and secondary flood hazard areas. More to follow on that, but in the meantime if you have questions, you can contact us through our web site at www.FloodInsuranceNY.com
Saturday, September 23, 2006
Tuesday, September 19, 2006
1001 SECRET FISHING HOLES
1001 SECRET FISHING HOLES,
1. over 34 million people went fishing
2. they fished an average of 16 days per participant and spent an average $1,046 each
3. overall, anglers spent $14.7 billion in 2001 for fishing trips, $17 billion on equipment, and $4 billion for licenses, stamps, tags, land leasing and ownership, membership dues and contributions, and magazines.... 1001 SECRET FISHING HOLES
- HUNDREDS OF NATIONAL PARKS
- HUNDREDS OF WILDLIFE REFUGES
- OVER A 1000 LAKES & HISTORICAL TRAILS
1. over 34 million people went fishing
2. they fished an average of 16 days per participant and spent an average $1,046 each
3. overall, anglers spent $14.7 billion in 2001 for fishing trips, $17 billion on equipment, and $4 billion for licenses, stamps, tags, land leasing and ownership, membership dues and contributions, and magazines.... 1001 SECRET FISHING HOLES
1001 SECRET FISHING HOLES
1001 SECRET FISHING HOLES,
1. over 34 million people went fishing
2. they fished an average of 16 days per participant and spent an average $1,046 each
3. overall, anglers spent $14.7 billion in 2001 for fishing trips, $17 billion on equipment, and $4 billion for licenses, stamps, tags, land leasing and ownership, membership dues and contributions, and magazines.... 1001 SECRET FISHING HOLES
- HUNDREDS OF NATIONAL PARKS
- HUNDREDS OF WILDLIFE REFUGES
- OVER A 1000 LAKES & HISTORICAL TRAILS
1. over 34 million people went fishing
2. they fished an average of 16 days per participant and spent an average $1,046 each
3. overall, anglers spent $14.7 billion in 2001 for fishing trips, $17 billion on equipment, and $4 billion for licenses, stamps, tags, land leasing and ownership, membership dues and contributions, and magazines.... 1001 SECRET FISHING HOLES
Sunday, September 10, 2006
Buddy Walk - Down's Syndrome of Louisville
Buddy Walk 2006 Down's Synrome of Louisville
Downs Syndrome of Louisville Buddy Walk.
National Down's Syndrome Society
Downs Syndrome of Louisville Buddy Walk.
About Downs Syndrome of Louisville (from their website)The 5k walk on Watefront Park actually starts at 9:45 am, registration for the walk is at 8:30 am. BUDDY WALK REGISTRATION
"Down Syndrome of Louisville, Inc. (DSL) is a non-profit organization formed in 1991 by a group of parents of children with Down Syndrome. The group originated as a parent support group of the Early Education Funding Program for children with Down Syndrome. In January 1993 this group merged with Down Syndrome of Louisville, Inc. Our organization is dedicated to educating the community on the positive values of persons with Down Syndrome...... About
National Down's Syndrome Society
If you would like to help us support the Buddy Walk, please call us
at 502-245-3625.
Tags:
Buddy Walk - Down's Syndrome of Louisville
Buddy Walk 2006 Down's Synrome of Louisville
Downs Syndrome of Louisville Buddy Walk.
National Down's Syndrome Society
Downs Syndrome of Louisville Buddy Walk.
About Downs Syndrome of Louisville (from their website)The 5k walk on Watefront Park actually starts at 9:45 am, registration for the walk is at 8:30 am. BUDDY WALK REGISTRATION
"Down Syndrome of Louisville, Inc. (DSL) is a non-profit organization formed in 1991 by a group of parents of children with Down Syndrome. The group originated as a parent support group of the Early Education Funding Program for children with Down Syndrome. In January 1993 this group merged with Down Syndrome of Louisville, Inc. Our organization is dedicated to educating the community on the positive values of persons with Down Syndrome...... About
National Down's Syndrome Society
If you would like to help us support the Buddy Walk, please call us
at 502-245-3625.
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