“They tried to rebuild their radar because they can't see anything. We waited until it was almost built and then we hit it.”

Political Quotes

Doug Bereuter: “This bill will give FEMA the needed tools to reduce the number of repetitive loss properties which cost the NFIP about…”

On the recordNovember 20, 2003
This bill will give FEMA the needed tools to reduce the number of repetitive loss properties which cost the NFIP about $200 million annually. These properties, while comprising approximately 1 percent of the currently insured properties, are expected to account for 25 to 30 percent of the claims paid. The vast majority of repetitive loss properties are receiving flood insurance premiums at a cost that are below their actuarial risk.
Said by
Doug Bereuter
Source
govinfo.gov

Editor's note · Context

Discussing the importance of a bill aimed at reforming the National Flood Insurance Program.

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