| | NATURAL DISASTERS: Public Policy Options for Changing the |
| | 1,52 | | MB | Federal Role in Natural Catastrophe Insurance |
| | 90 | | stron |
| | 6165 | | ID | United States Government Accountability Office |
| | 2007 | | rok |
| | Contents |
| | Letter 1 |
| | Results in Brief 5 |
| | Background 8 |
| | Government Natural Catastrophe Insurance Aims to Provide |
| | Affordable Protection but Often Requires Postfunding after Large |
| | Natural Catastrophes 17 |
| | Because Many Americans Are Inadequately Insured for Natural |
| | Catastrophes, Federal Programs Play a Significant Role in |
| | Recovery 25 |
| | Options for Changing the Federal Role in Natural Catastrophe |
| | Insurance Attempt to Address Market Issues but May Not Limit |
| | Federal Exposure 33 |
| | Agency Comments and Our Evaluation 46 |
| | Appendixes |
| | Appendix I: Objectives, Scope, and Methodology 49 |
| | Appendix II: Selected State Natural Catastrophe Insurance Programs 55 |
| | Appendix III: Comments from the National Association of Insurance |
| | Commissioners 79 |
| | Appendix IV: GAO Contact and Staff Acknowledgments 81 |
| | Related GAO Products 82 |
| | Figures Figure 1: Catastrophic Risk in the United States—Earthquake, |
| | Hurricane, Tornado, and Hail 9 |
| | Figure 2: Insured Property Value, by County 11 |
| | Figure 3: Estimated Federal Disaster Assistance Obligated for |
| | Homeowners and Renters Lacking Adequate Insurance in |
| | Five Gulf Coast States after the 2005 Hurricane |
| | Season 30 |
| | Figure 4: Advantages and Disadvantages of Seven Public Policy |
| | Options for Changing the Federal Role in Natural |
| | Catastrophe Insurance 34 |
| | Figure 5: Comparison of Selected State Natural Catastrophe |
| | Insurance Programs in 2005 56 |