02/08/2012
https://congress.gov...
"And, unfortunately, now you have only one valuation of risk that is being done, and that is by NFIP."
"the implementation of the Biggert-Waters Flood Insurance Reform Act of 2012, or BW-12, has proven to be problematic."
"And that is providing Florida and American homeowners more affordable consumer options in the flood insurance marketplace."
"if we are going to transition to a private market, is there sufficient capacity in the capital markets to do this?"