#shorts On 4/26/2023, Kennedy questions Tisler about FEMA high flood insurance in Banking
Kennedy questions Tisler about FEMA high flood insurance in Banking
Kennedy: Mr. Tisler, do you think the federal government should be making it more expensive to build affordable housing?

Tisler: Absolutely not, sir.

Kennedy: Um, well it is… The mortgagee, or the person who loans the money, oftentimes requires that the homeowner carry insurance. Can we agree on that?

Tisler: Yes, sir.

Kennedy: And more and more, uh, the mortgagee, the person loaning the money, requires the homeowner to carry flood insurance. Yet, while you are here advocating, as we all are, for affordable housing, our federal government, through FEMA, is uh, is working as hard as it can to increase the cost of flood insurance. Uh, FEMA hired a company called Milliman to write a new algorithm, which Milliman says can look at every individual home in the United States and predict its flood risk over the next 30 years. Amazing! There’s this one problem; they won’t share with anyone the algorithm. And as a result of that algorithm, uh, national flood insurance costs have gone- I’ll give you the national figure- from 808 bucks to 1,808 dollars. Now, I’ll give you some concrete examples in my state. We call counties parishes.

other clips of this published longer video is here: https://youtu.be/QXWpYRjgJUg
Kennedy questions Tisler about FEMA expensive flood insurance in Banking