On the recordMarch 12, 2019
It is very frustrating to me to see the incompetence that has been there with regards to NFIP Directors in the past not utilizing a tool that every other insurance company in this country uses.
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congress.govIt is very frustrating to me to see the incompetence that has been there with regards to NFIP Directors in the past not utilizing a tool that every other insurance company in this country uses.
Luetkemeyer criticizes past NFIP management for not using reinsurance effectively.
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There clearly is just a lack of political will here in the United States and in Mexico, and that is our fault.
I have been an advocate for a long, long time of reinsurance to be able to minimize the taxpayers' exposure on flood insurance.
Do you think it would be a good idea for us as legislators to look at doing this in other areas of government, where we could pass off some of the risk to the private sector versus having taxpayers take on all this risk?