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Tsunamis and Earthquakes: Is Federal Disaster Insurance in Our Future?

Description: On December 26, 2004, an earthquake measuring 9.0 on the Richter Scale struck six miles below the surface of the Indian Ocean on the northern tip of the Indonesian island of Sumatra. The 2004 earthquake spawned a massive tsunami (and extensive flooding) that smashed the coastlines of 12 countries in South Asia and East Africa, resulting in over 175,000 fatalities, an additional 106,000 missing, and significant economic and non-economic damages. Insured losses are relatively low compared to the … more
Date: April 6, 2005
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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Hurricanes and Disaster Risk Financing Through Insurance: Challenges and Policy Options

Description: The U.S. Atlantic and Gulf of Mexico coastal states, Hawaii, Puerto Rico, and the U.S. Virgin Island are exposed to relatively high levels of risk from hurricanes and tropical storms. The rapid expansion of the U.S. population into areas that are susceptible to hurricanes has placed millions of people and new areas of economic activity in harm’s way. To address the financial and economic effects of such risks, households and businesses have relied on private insurance, state-sponsored insurance… more
Date: March 25, 2005
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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National Flood Insurance Program: Treasury Borrowing in the Aftermath of Hurricane Katrina

Description: In 2008, Hurricanes Ike, Gustav, and Dolly made landfall in the United States, causing widespread flood damage. Exactly three years earlier, claims and expenses related to the massive flooding caused by Hurricanes Katrina, Rita, and Wilma had financially overwhelmed the National Flood Insurance Program (NFIP). The Federal Emergency Management Agency (FEMA) estimates that the NFIP will need about $3 billion in additional borrowing authority to cover the claims currently outstanding and a yet to … more
Date: September 19, 2008
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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National Flood Insurance Program: Background, Challenges, and Financial Status

Description: This report provides an analysis of the NFIP and its financial status, summarizes the major challenges facing the program, including issues affecting its long-term financial solvency, presents some alternative approaches for managing and financing the flood losses and describes pending legislation on this issue.
Date: June 22, 2009
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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Financing Catastrophic Risk: Summary of the Homeowners' Defense Act of 2009 (S. 505 and H.R. 2555)

Description: This report discusses the drastic increase in demand for homeowners' insurance in Atlantic and Gulf Coast states following the devastation of Hurricane Katrina in 2005. This report also discusses various measures and efforts underway to enhance insurer capacity, pursue alternative forms of risk transfer, and create a national catastrophe financing facility, the last of which is an issue under considerable debate.
Date: July 1, 2009
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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Financing Recovery from Large-Scale Natural Disasters

Description: Two important issues before Congress are (1) securing the nation's capacity to prepare for, respond to, and recover/rebuild from natural catastrophe events, and (2) determining whether and how the federal government should intervene in catastrophe insurance markets. This report focuses on this issue at length, taking into consideration the Gulf Coast hurricanes of 2004 and 2005; a sequence of tornadoes, wildfire, earthquakes, Hurricanes Ike and Gustav, and the 2008 Midwestern floods; and the fi… more
Date: November 18, 2008
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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Piracy off the Horn of Africa

Description: This report discusses recent (2008-2009) pirate attacks on vessels, including United States vessels, in the waters off the Horn of Africa. The Horn of Africa is sometimes called the Somali Peninsula and includes the nations of Eritrea, Djibouti, Ethiopia, and Somalia. This report explores reasons behind the increased number of pirate attacks in recent years, as well as what efforts are being taken to combat said attacks, including those by the 111th Congress and President Obama and his Administ… more
Date: April 24, 2009
Creator: Ploch, Lauren; Blanchard, Christopher M.; O'Rourke, Ronald; Mason, R. Chuck & King, Rawle O.
Partner: UNT Libraries Government Documents Department
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National Flood Insurance Program: Background, Challenges, and Financial Status

Description: In 1968, Congress created the National Flood Insurance Program (NFIP) to address the increasing costs of taxpayer-funded disaster relif for flood victims and the increasing amount of damage caused by floods. This report provides an analysis of the NFIP and its financial status; summarizes the major challenges facing the program, including issues affecting its long-term financial solvency; presents some alternative approaches for managing and financing the flood losses; and describes pending leg… more
Date: March 4, 2011
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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Piracy off the Horn of Africa

Description: This report discusses recent (2010) pirate attacks on vessels, including United States vessels, in the waters off the Horn of Africa. The Horn of Africa is sometimes called the Somali Peninsula and includes the nations of Eritrea, Djibouti, Ethiopia, and Somalia. This report explores reasons behind the increased number of pirate attacks in recent years, as well as what efforts are being taken to combat said attacks, including those by the 111th Congress and President Obama and his Administratio… more
Date: April 27, 2011
Creator: Ploch, Lauren; Blanchard, Christopher M.; O'Rourke, Ronald; Mason, R. Chuck & King, Rawle O.
Partner: UNT Libraries Government Documents Department
open access

National Flood Insurance Program: Background, Challenges, and Financial Status

Description: In 1968, Congress created the National Flood Insurance Program (NFIP) to address the increasing costs of taxpayer-funded disaster relif for flood victims and the increasing amount of damage caused by floods. This report provides an analysis of the NFIP and its financial status; summarizes the major challenges facing the program, including issues affecting its long-term financial solvency; presents some alternative approaches for managing and financing the flood losses; and describes pending leg… more
Date: May 9, 2011
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
open access

National Flood Insurance Program: Background, Challenges, and Financial Status

Description: In 1968, Congress created the National Flood Insurance Program (NFIP) to address the increasing costs of taxpayer-funded disaster relief for flood victims and the increasing amount of damage caused by floods. This report provides an analysis of the NFIP and its financial status; summarizes the major challenges facing the program, including issues affecting its long-term financial solvency; presents some alternative approaches for managing and financing the flood losses; and describes pending le… more
Date: June 12, 2012
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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Side-by-Side Comparison of Flood Insurance Reform Legislation in the 110th Congress

Description: This report discusses the key policy objectives of the National Flood Insurance Program (NFIP) that were threefold: (1) reduce the nation's flood risk through floodplain management; (2) improve flood hazard data and risk assessment by mapping the nation's floodplains; and (3) make affordable flood insurance widely available in communities that adopt and enforce measures to make future construction safer from flooding.
Date: June 24, 2008
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
open access

National Flood Insurance Program: Background, Challenges, and Financial Status

Description: This report provides an analysis of the National Flood Insurance Program (NFIP) and its financial status; summarizes the major challenges facing the program, including issues affecting its long-term financial solvency; presents some alternative approaches for managing and financing the flood losses; and describes pending legislation on this issue.
Date: May 9, 2011
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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Locally Operated Levees: Issues and Federal Programs

Description: The report discusses the role of levees in flood risk reduction, the shared responsibilities for levees in the United States, and the role of three agencies: FEMA, the Corps, and the Natural Resources Conservation Service (NRCS) of the U.S. Department of Agriculture (USDA). It also discusses federal assistance for levees, describes the debate about whether levees investments have a role in federal flood mitigation programs, and compares Corps, FEMA, and NRCS activities and authorities. Finally… more
Date: April 5, 2011
Creator: Keegan, Natalie; King, Rawle O.; Carter, Nicole T. & Stubbs, Megan
Partner: UNT Libraries Government Documents Department
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Midwest Flooding Disaster: Rethinking Federal Flood Insurance?

Description: This report examines the impact of the 2008 Midwest floods on the National Flood Insurance Program (NFIP) in the context of congressional efforts to reauthorize and modify the program before its authorization expires on September 30, 2008. The report begins with an assessment of the risk of flooding in the United States and why Congress might move to rethink the current multifaceted approach to federal flood insurance. The report concludes with lessons learned from the 1993 and 2008 Midwest flo… more
Date: August 11, 2008
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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The National Flood Insurance Program: Status and Remaining Issues for Congress

Description: This report provides an analysis of flood risk management, summarizes major challenges facing the National Flood Insurance Program (NFIP), and outlines key reforms enacted in the Flood Insurance Reform Act of 2012. The report identifies and presents some key remaining flood management issues for congressional consideration, and concludes with a discussion of policy options for the future financial management of flood hazards in the United States.
Date: February 6, 2013
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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Ocean Piracy and Its Impact on Insurance

Description: This report examines the issue of piracy off the coast of East Africa in the Indian Ocean and the Gulf of Aden. The report looks into the impact of such piracy on the insurance industry and explains the available options for Congress to mitigate piracy's negative effects on the industry.
Date: February 6, 2009
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
open access

Ocean Piracy and Its Impact on Insurance

Description: This report examines the issue of piracy off the coast of East Africa in the Indian Ocean and the Gulf of Aden. The report looks into the impact of such piracy on the insurance industry and explains the available options for Congress to mitigate piracy's negative effects on the industry.
Date: December 3, 2008
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department
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