05/16/2012
https://congress.gov...
"When I was first elected 14 years ago, they said that to properly evaluate risk, they needed new maps, which would cost $500 million, and then, it would take 3 to 5 years to evaluate the maps."
"I would think once you paid for total loss, you say, okay this is off the map, we are not going to insure this property again, much less more than 10 times, thousands of properties, perhaps."
"Why does FEMA continue to resist making all of the data and methods models that they use, the calculations and how they calculate it under Risk Rate 2.0, completely and fully transparent?"
"OK. Thank you, Mr. Chairman. I yield back."