They were correct, weren't they?

And that is not happening right now with the National Flood Insurance Program, correct?

Thank you all for your testimony.

the economics of inaction are very clear to folks; and then also, kind of toughening up a little bit

Well, let us talk--because you are using the word I wanted to get to next is 'incentivize.'

As you said in your testimony, the insurance industry has a unique capacity to provide that discipline.

If the Federal Government is the 800-pound gorilla... is that a real disincentive to do the resiliency?

Well, we have that interference, correct?

Do you think people would build $1 million, $2 million homes right on the beach if they had to pay the full cost of the risk on their insurance?

I am afraid that if we have an overreliance on the Federal Government's help, is that restraining the mitigation.

Wouldn't the insurance industry itself have a vested interest to develop these standards?