Political Quotes

Bob Menendez: “If FEMA itself recognizes that it is going to lose a million policyholders and insurance is about spreading risk across…”

On the recordFebruary 8, 2023
If FEMA itself recognizes that it is going to lose a million policyholders and insurance is about spreading risk across the widest base possible, you lose a million policyholders; that means the rates go up for everybody else.
Said by
Bob Menendez
Democratic · New Jersey

Editor's note · Context

Menendez discusses the impact of losing policyholders on insurance rates.

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