Richard Shelby actually said...

But if we do not get--first, define what actuarially sound means, and get to this, it seems to me that every time there is a catastrophic event and you are hit with everything, that it is leading the fund toward bankruptcy rather than actuarial soundness. Is that fair?

Context

Senator Shelby questions the sustainability of the flood insurance fund after catastrophic events.

06/08/2011

https://www.congress.gov...

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