06/20/2023
https://www.congress.gov...
"Now, when society subsidizes private individuals taking those types of risks, that increases that type of behavior, correct?"
"OK. And, again, that is not a good thing in terms of reduction of that moral hazard of----"
"Does that reduce their incentive to mitigate risk"
"Wouldn't the insurance industry itself have a vested interest to develop these standards?"