Craig Fugate: “We got to quit subsidizing risk below which behavior will change, and the Flood Insurance Program is basically designed…”

We’ve got to stop looking backwards. The whole idea of a 100 year event is it’s something that’s a one percent risk based on weather patterns in the past.

What happened in Jackson is not an exception, but an indicator for future failures.

Why does it take us a decade when insurance companies are in and out in less than a year?

We have to really be stringent in making sure that we rebuild to much higher standards, not just put it back the way it was.