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Deepwater Horizon Oil Spill Disaster: Risk, Recovery, and Insurance Implications

Description: This report begins with a review of the Deepwater Horizon incident and identifies the limits of liability facing the operators of offshore oil rigs. The next two sections of the report examine risk management in the offshore energy exploration and production business, the scope of the oil spill financial responsibility and insurance requirements, and the marine insurance industry that offers specialized coverage for offshore oil and gas firms. The fourth section outlines the various approaches to compensating oil pollution victims, including compensation funds, commercial insurance, federal disaster assistance, and tort law. The report concludes with a discussion of four specific policy issue consideration for Congress, including new liability limits and insurance capacity, future insurability of offshore oil spill perils, availability of insurance, and the potential effects on domestic offshore energy production.
Date: July 12, 2010
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

Efforts to Delay the Gradual Elimination of Flood Insurance Premium Subsidies

Description: This report examines legislative efforts in Congress to delay the gradual phase-out of subsidized flood insurance premiums, which is required under Sections 100205 and 100207 of P.L. 112-141, the Biggert-Waters Flood Insurance Reform and Modernization Act of 2012. This new law extended the authorization for the National Flood Insurance Program (NFIP) for five years, through September 30, 2017, while requiring significant program reforms affecting flood insurance, flood hazard mapping, and floodplains management.
Date: March 3, 2014
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

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 in the recently enacted Biggert-Waters Flood Insurance Reform Act of 2012. The report also identifies and presents some key remaining flood management issues for congressional considerations, and it concludes with a discussion of relevant policy options for the future financial management of flood hazards in the United States.
Date: December 10, 2012
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

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 floods, and an analysis of the NFIP's current financial conditions and major policy issues, as well as a summary of legislative proposals pending before the 110th Congress.
Date: August 11, 2008
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

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

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

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

Earthquake Risk, Insurance, and Recovery: Issues for Congress

Description: This report examines earthquake catastrophe risk and insurance in the United States in light of recent developments, particularly the devastating earthquakes in Haiti and Chile. It examines both traditional and non-traditional approaches for financing recovery from earthquake losses as well as challenges in financing catastrophe losses with insurance.
Date: March 12, 2010
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

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

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 legislation on this issue.
Date: June 12, 2012
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

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

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 legislation on this issue.
Date: March 4, 2011
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

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 legislation on this issue.
Date: May 9, 2011
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

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

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: July 30, 2009
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

Medical Malpractice Liability Insurance and the McCarran-Ferguson Act

Description: This report provides an overview of the current medical malpractice insurance situation and insurance market structure, summarizes the provisions of both S. 352 and the McCarran-Ferguson Act of 1945, and examines arguments for and against modifying the McCarran-Ferguson Act.
Date: March 19, 2003
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department