Political Quotes

“the flood insurance program is important to a lot of Americans. It is important for my constituents in Alabama, and they are concerned about it. The reform that has been passed into law is fundamentally the right approach to fixing the difficulties that we have, in my opinion. It moves this program from a big subsidy to a program that is actuarially sound and self-sustaining. I think that is the appropriate goal. I think at some point a person living in the interior of the United States should not be required to have money extracted from him or her or from their family to pay for somebody who built their house on shifting sands on a beach somewhere. That is my view of it. There are people who might find themselves unexpectedly in a dangerous circumstance where floods may occur rapidly or may not occur for decades. In my hometown of Mobile, a number of years ago they had a big flood problem. A lot of homes were damaged. They said it was the 100-year flood, and there was a lot of concern for everybody. I think a lot of people didn't have flood insurance. The next year it flooded again so they had two 100-year floods in two consecutive years. I say that because it is very difficult to manage a program like this in a sound way and to fully anticipate all of the dangers. What I am hearing from my constituents is that premiums are going up rapidly--very high for some people. It has gone up multiple times from what the present premiums are currently.…”