OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Fair and Reasonable Flood Insurance Rates

Floor Speech

Date: Feb. 5, 2014
Location: Washington, DC
Issues: Environment Housing and Property

Ms. ROS-LEHTINEN. Mr. Speaker, my home State of Florida has been an overly responsible--and even generous--partner in the National Flood Insurance Program.

In the last 20 years, Floridians have paid four times in premiums than we have seen returned in claims. Yet FEMA is raising thousands upon thousands of policy premiums to absurd levels, easily doubling, tripling, or quadrupling them, and in some cases far higher.

These radical changes are counterintuitive and are forcing hard-working, diligent, and responsible families from their homes. It is time to take a step back and rein in this agency and its harmful belief that this is a potential path forward.

Families in our communities need and deserve relief from these ridiculously high premiums. I will continue to work with my colleagues on trying to find a reasonable solution to this crisis, one that will address the immediate needs of local homeowners.


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