02/11/2014
https://www.congress.gov...
"Absolutely. I really appreciate your testimony on that topic when you talked about the 25-percent loss ratio."
"And so we are creating something where homeowners who have built up equity over their lifetimes, maybe they have owned the home 30 years, are seeing that equity devastated and essentially given away t..."
"Those people need to be extended--have the subsidized rates extended to them for a longer period of time."
"So, in short, the folks who live on a stream in Oregon are not subsidizing a hurricane zone on the Atlantic coast."