On the recordOctober 11, 2011
If we had a major earthquake?
Source
congress.govIf we had a major earthquake?
Landrieu inquires about the financial implications of a major earthquake.
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I am going to really be pushing this subcommittee, the whole Committee on Appropriations, the Committee on Banking, and the Congress to get complete and accurate flood maps done before we engage in trying to rewrite a flood insurance program.
the reason we tend to want not to build in velocity zones is because that is the most vulnerable area to any type of flooding.
We have to protect those investments. But we also have to make sure that as we invest in the future, as we rebuild from disasters, we are making investments for future risk, not for old data.