Robert Menendez actually said...

"We have got to end the low-balling. We have got to live by the law."

"I would prefer that it be an administrative response so we can work together, but if it has to be legislative, so be it."

"I hope that that ends up being the case, and I agree with you on what your perspective is as to what the advocate should be."

"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."