Ask yourself “who is worse the prostitute, the pimps or the johns”?
The National Flood Insurance Program in a desperate attempt to stay alive has prostituted itself, their pimps are the insurance industry and yes the tax payer and congress are the johns.
They have lobbing Congress for mandatory preparation, high risk rates, asking for forgiveness of the note to the US Treasury; lenders must participate or face fines, escrow accounts for enforcement, and so on and so on.
The program has become so much automated to the point that if a property that is found to be in the flood zone your lender will notify the barrower they must buy flood insurance. If the owner does not comply the leader will open an escrow account for them.
The GAO has estimates at least 56% of premiums are for selling policies.
I say estimate because it turns out fema is not keeping track of these cost they paid.
Yes the flood program is a much like a prostitute, the pumps are the greedy insurance industry and we and congress are the JOHNS.
Like I said the program is so automated it no longer needs insurance agents to sell their product.
The program needs to sell direct.
A savings up to 56% should be possible right away.
Want to cut your flood insurance bill by 56% or more.
Tell congress.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
He’s bought and paid for. That’s who
Ask yourself “who is worse the prostitute, the pimps or the johns”?
The National Flood Insurance Program in a desperate attempt to stay alive has prostituted itself, their pimps are the insurance industry and yes the tax payer and congress are the johns.
They have lobbing Congress for mandatory preparation, high risk rates, asking for forgiveness of the note to the US Treasury; lenders must participate or face fines, escrow accounts for enforcement, and so on and so on.
The program has become so much automated to the point that if a property that is found to be in the flood zone your lender will notify the barrower they must buy flood insurance. If the owner does not comply the leader will open an escrow account for them.
The GAO has estimates at least 56% of premiums are for selling policies.
I say estimate because it turns out fema is not keeping track of these cost they paid.
Yes the flood program is a much like a prostitute, the pumps are the greedy insurance industry and we and congress are the JOHNS.
Like I said the program is so automated it no longer needs insurance agents to sell their product.
The program needs to sell direct.
A savings up to 56% should be possible right away.
Want to cut your flood insurance bill by 56% or more.
Tell congress.