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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (200871)	9/8/2004 1:17:49 PM
From: Road Walker	Read Replies (1) \| Respond to of 1573902

re: Although, the premiums come from everyone, don't they? Residents of states like MN or ND or SD that don't have many FEMA claims must get screwed under the FEMA system. Ever see the problems when the Mississippi River floods? Or a tornado goes through a rural town? The flood insurance that FEMA provides is premium funded. fema.gov "The NFIP is self-supporting for the average historical loss year, which means that operating expenses and flood insurance claims are not paid for by the taxpayer, but through premiums collected for flood insurance policies. The Program has borrowing authority from the U.S. Treasury for times when losses are heavy, however, these loans are paid back with interest." John