FreedomBunker‘s Ed Krayewski reports that Senate Majority Leader Chuck Schumer is opposing FEMA’s plans to have insurance rates accurately reflect flood risk under the National Flood Insurance Program (NFIP).
- The NFIP is a broken government program that fails to protect its policyholders from flooding.
- Premiums do not accurately reflect flood risk leading to bad building policies and Americans moving into high-flood-prone areas.
- Taxpayers from across the nation are on the hook for paying off the NFIP’s debt, which is more than $20 billion.
- In order to truly protect Americans from flood risk, and have people pay their fair share the NFIP must be reformed.