Congressional Research Service produced a report Feb 6 /13 showing Premiums and Claims paid by NFIP. The List was not totaled .
We totaled the columns 1972 > 2011
Premiums were $46 Bil. – Claims paid $40.5 Bil = $5.5 Bil surplus 12/30/11.
The Report then said Deficit in program was %17.5 Bil / June 2012.
How can that happen in 6 months ?
I think there are some rats in the woodpile.
Bill Price USlandAlliance.US
Because they can’t operate on a 12% margin, which is what $5.5B is to $46B. They pay the WYO carriers 30% off the top for administrative services alone.
What a bunch of political bullshit! Why don’t they pay attention to what’s happening NOW and let the 2014 elections take care of themselves.
People would see them for what they really are..inept, impotent, childlike idiots that want to take their ball & go home.
Congressional Research Service produced a report Feb 6 /13 showing Premiums and Claims paid by NFIP. The List was not totaled .
We totaled the columns 1972 > 2011
Premiums were $46 Bil. – Claims paid $40.5 Bil = $5.5 Bil surplus 12/30/11.
The Report then said Deficit in program was %17.5 Bil / June 2012.
How can that happen in 6 months ?
I think there are some rats in the woodpile.
Bill Price USlandAlliance.US
Because they can’t operate on a 12% margin, which is what $5.5B is to $46B. They pay the WYO carriers 30% off the top for administrative services alone.