On the recordJanuary 8, 2014
Thank you, Congressman, and thank you so much for putting this Special Order together this evening for us to talk about the devastating effects the Biggert-Waters Act is going to have on flood insurance premiums just not along coastal areas, but all across America. For more than 40 years, residents who have lived in flood-prone areas have paid into the National Flood Insurance Program because virtually no private flood insurance market existed. The issues I and my colleagues have spent so much time addressing over the last year affect these 5 million NFIP policyholders. What many Americans do not realize is that they could be the next flood victim, and they could be the next victim of these drastic flood insurance hikes and flawed FEMA policies. According to FEMA Director Craig Fugate, 40 percent of the U.S. population lives in counties that border the ocean or the Great Lakes and are directly or indirectly affected by flood risk, and most U.S. counties contain rivers and streams that present flood hazards. Forty percent of the U.S. population--that's more than 126 million Americans--could be affected by these issues in the coming years. This map shows exactly where you can find NFIP policyholders. We are not just talking about a few people living in coastal areas. This isn't just Mississippi, Louisiana, New York, New Jersey, or Florida's problem. This map hasn't even been updated to include those affected by the recent flooding in Colorado.…





