Robert Menendez actually said...

"If you do not track this information, I do not know how exactly you know there is a problem until it gets so big that you realize there is a problem."

"So, to me, in terms of incentives, this structure clearly seems to influence the Write-Your-Owns to be more conservative when adjusting for claims, which leads to policyholders being low-balled."

"So, if that is the case, let me ask you; in the 40-plus years that the National Flood Insurance Program has been operating, how many Write-Your-Owns have been thrown out of the program due to repeated..."

"I have asked staff to continue to review this, and in several cases that Senator Menendez has pointed to me, I am also concerned with some of the irregularities."