So insurance companies have been obviously more concerned about making overpayments based upon the set of circumstances under which they now find themselves having to, in essence, pay clawback, what FEMA considers as an overpayment.

Well, thank you both for your testimony and your insights.

I do not want anybody getting a dime that they should not get. By the same token, I do not want a policyholder who has done the right thing for 10, 20, 30 years, in some cases, getting low-balled simply because the process is stacked…

The way it has proceeded is unacceptable. It is not what Americans should have to endure.

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.

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

My understanding is they cannot appeal FEMA's determination that a claim was overpaid.

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.

But now, when they need their insurance company the most, they are left out in the cold.

If an insurance company pays a claimant too much money, it is on the hook for every dollar it overpaid while at the same time, if any insurer pays a claimant too little, the penalty is, in practice, nonexistent.

Leaving disaster victims in limbo for months is not only bad enough; it also jeopardizes their legal rights.

I have been skeptical of the Iranians' sincerity from day one and I cannot say that I am any less skeptical today than I was 6 months ago.