The President's News Conference
02/12/1947
https://www.presidency.ucsb.edu...
They are trying to choke the Executive Office to death, and they are about to ruin our national defense program.
Insurance is especially important under present circumstances when our system of protection against floods is so incomplete.
We can and we should provide a businesslike system of insurance to finance the restoration of such losses.
At present, insurance against flood damage is virtually unobtainable from private insurance companies.