07/11/1962
https://www.presidency.ucsb.edu...
"Suppose your homeowners insurer came to you and said, 'Look, Mr. Wright, I cannot tell you why but I am going to start raising your premium 18 percent a year...'"
"What is the point of flood insurance if nobody can afford it, and what is the point of having a Federal agency, paid for with people's taxpayer dollars, if they will not explain to the people what the..."
"FEMA does not. FEMA does not. And FEMA has rolled out this program. They will not share the algorithm."
"That would not be a fair action by the IRS."