On the recordSeptember 12, 2011
I agree that we need both. But I think ultimately, we also need to be cognizant of the fact that it is a balance.
Source
congress.govI agree that we need both. But I think ultimately, we also need to be cognizant of the fact that it is a balance.
Grimm discusses the balance between investor protection and market competitiveness.
Share
More from MICHAEL GRIMM
I agree with you that after a hurricane, to rebuild just the way it was doesn't make sense.
Let me be clear to you, you ever do that to me again I'll throw you off this (EXPLETIVE DELETED) balcony.
I completely understand the need for actuarially-sound programs. But I think where we are missing it is the balance between actuarially sound and functionally and practically sound.
We want to move away from risk identification of that binary line. We want to move into graduated risk analysis and true flood management of multi-frequency hazards, including future conditions.