03/03/2015
https://www.congress.gov...
"When you bring in the concept of affordability, you are basically subsidizing the risk, and you are incentivizing people to build where, truthfully, unless they can afford to do it, they probably shou..."
"Thank you, Mr. Chairman, and thank all of you for coming in and testifying."
"Do you have any estimates so far of how much of the cost of the disaster is going to be borne by private insurance versus State governments versus the Federal Government?"
"The bottom line is I think the solution here is reduce the complexity."