Quote

I think the federal flood insurance program is actuarially unsound and renders private insurance not viable, thereby needing an overhaul going forward.

The National Flood Insurance Program is a voluntary program. If a community really feels that the building insurance requirements are too burdensome, they don't have to participate.

Homeowners and business owners across the country agreed to pay premiums, communities agreed to adopt building codes to mitigate flood dangers, and the Federal Government agreed to provide insurance coverage to policyholders after a disaster.

Today more than 20,000 communities participate in the National Flood Insurance Program. More than 90 insurance companies sell and service flood service insurance. There are more than four million policies covering the total of $800 billion.

The National Flood Insurance Program is a valuable tool in addressing the losses incurred throughout this country due to floods. It assures that businesses and families have access to affordable flood insurance that would not be available on the open market.

If a hurricane came here, I would want any relief plan to be fiscally responsible.

There are people who could watch a hurricane like Sandy blow out of the Atlantic every other day and blame it on anything but human activity. They are like those who, having been diagnosed with diabetes, eat donuts for breakfast. There's not much to do about them.

Tragically, policymakers have thrown horrendous amounts of taxpayer money needed for other purposes at solving an unsubstantiated emergency. It is scandalous that so many climate scientists who fully knew that Al Gore had no basis for his irresponsible claims stood mute.

You know, we lose more homes every year to flooding than we do any other event in America.