06/23/2021
https://www.congress.gov...
"But one of the premises is 10-percent private capital up front. The question is: Is that sufficient? Or is it too much?"
"We have to extend the reinsurance program going forward."
"I think having that Federal backstop reassures the insurance industry that, for catastrophic risk, none of them will go under."
"There is another dimension to terror attacks that really was not so obvious in 9/11, and that is cyber security."