05/19/2021
https://congress.gov...
"The reasons for that are, and I am sure you know this, but just to reiterate for everyone here, from 2016 to 2018, average economic losses from natural disasters were $150 billion."
"This dwarfs the financial crisis, and presumably a lot of those homes will be subject to 30-year mortgages."
"There is a fundamental equity problem that, if we charge the market rate for insurance, people aren't going to have insurance."
"the U.S. is not currently the global leader in weather forecasting."