The allegations in this video, BY A UNITED STATES SENATOR are terribly, terribly disturbing.
A United States Senator alleges that the US Senate never actually voted on the Biggert Water Flood Legislation.
Watch the video of US Senator Landreau below:
And then consider this:
- Your flood insurance company receives 30% of your premium to “administer” your flood policy. If there is a claim they receive over 60% of your premium. If you purchased “forced flood insurance”, up to 75% of the flood premium goes to the insurance company.
- Keep in mind if there is a claim, the money comes from the NFIP program. THERE IS NO RISK TO THE INSURANCE COMPANY.
- Currently 5.5 million flood policy holders. FEMA is EXPANDING the flood plain across the country to include 17 million homes in a flood plain. (3 people per household = 51 million people)